Strs Ohio Trims Stock Position in Gladstone Commercial Co. (NASDAQ:GOOD)

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Strs Ohio reduced its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,152 shares of the real estate investment trust’s stock after selling 900 shares during the quarter. Strs Ohio owned approximately 0.15% of Gladstone Commercial worth $936,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in Gladstone Commercial by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 433,606 shares of the real estate investment trust’s stock valued at $7,770,000 after purchasing an additional 28,054 shares during the period. Geode Capital Management LLC increased its position in Gladstone Commercial by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 366,675 shares of the real estate investment trust’s stock valued at $6,570,000 after purchasing an additional 16,626 shares during the period. AJO LP increased its position in Gladstone Commercial by 13.5% during the 1st quarter. AJO LP now owns 302,002 shares of the real estate investment trust’s stock valued at $6,273,000 after purchasing an additional 35,986 shares during the period. Confluence Investment Management LLC increased its position in Gladstone Commercial by 2.8% during the 1st quarter. Confluence Investment Management LLC now owns 288,921 shares of the real estate investment trust’s stock valued at $6,001,000 after purchasing an additional 7,879 shares during the period. Finally, Millennium Management LLC increased its position in Gladstone Commercial by 25.0% during the 4th quarter. Millennium Management LLC now owns 268,085 shares of the real estate investment trust’s stock valued at $4,804,000 after purchasing an additional 53,532 shares during the period. 54.40% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on GOOD. BidaskClub raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Saturday, August 3rd. Zacks Investment Research downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, ValuEngine cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $22.50.

Shares of GOOD stock opened at $22.15 on Wednesday. Gladstone Commercial Co. has a 12 month low of $16.89 and a 12 month high of $22.83. The company has a market cap of $686.74 million, a PE ratio of 13.93, a PEG ratio of 2.81 and a beta of 0.83. The company has a current ratio of 10.81, a quick ratio of 10.81 and a debt-to-equity ratio of 2.18. The firm’s fifty day simple moving average is $21.42.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.42). Gladstone Commercial had a net margin of 10.97% and a return on equity of 4.72%. The business had revenue of $28.20 million for the quarter, compared to the consensus estimate of $28.55 million. Equities research analysts expect that Gladstone Commercial Co. will post 1.58 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend is Monday, August 19th. Gladstone Commercial’s dividend payout ratio (DPR) is presently 94.34%.

Gladstone Commercial Profile

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

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

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