Goldman Sachs Group Inc. Acquires 7,606 Shares of Gladstone Commercial Corporation (GOOD)

Goldman Sachs Group Inc. boosted its holdings in Gladstone Commercial Corporation (NASDAQ:GOOD) by 56.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,094 shares of the real estate investment trust’s stock after buying an additional 7,606 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Gladstone Commercial Corporation were worth $460,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Creative Planning grew its position in Gladstone Commercial Corporation by 11.7% in the second quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 517 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Gladstone Commercial Corporation by 99.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,511 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Gladstone Commercial Corporation by 4.5% in the second quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 350 shares during the last quarter. Bank of America Corp DE grew its position in Gladstone Commercial Corporation by 44.0% in the first quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 3,918 shares during the last quarter. Finally, American International Group Inc. grew its position in Gladstone Commercial Corporation by 7.9% in the first quarter. American International Group Inc. now owns 13,861 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 1,012 shares during the last quarter. Hedge funds and other institutional investors own 48.68% of the company’s stock.

Gladstone Commercial Corporation (GOOD) opened at $22.48 on Tuesday. Gladstone Commercial Corporation has a 52 week low of $17.55 and a 52 week high of $23.35. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $622.55, a P/E ratio of 14.88, a P/E/G ratio of 2.45 and a beta of 0.86.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be paid a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Friday, November 17th. Gladstone Commercial Corporation’s dividend payout ratio is -5,000.00%.

Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Canaccord Genuity decreased their price objective on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial Corporation in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, DA Davidson started coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 25th. They issued a “buy” rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $23.33.

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Gladstone Commercial Corporation Profile

Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.

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Institutional Ownership by Quarter for Gladstone Commercial Corporation (NASDAQ:GOOD)

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