Asset Management One Co. Ltd. Has $1.37 Million Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Asset Management One Co. Ltd. grew its holdings in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 16.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,838 shares of the real estate investment trust’s stock after buying an additional 8,438 shares during the period. Asset Management One Co. Ltd. owned 0.22% of Gladstone Commercial worth $1,371,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Teachers Advisors LLC lifted its stake in Gladstone Commercial by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 48,485 shares of the real estate investment trust’s stock valued at $1,056,000 after acquiring an additional 226 shares during the period. Boston Partners increased its position in shares of Gladstone Commercial by 1.0% during the 2nd quarter. Boston Partners now owns 78,033 shares of the real estate investment trust’s stock valued at $1,700,000 after purchasing an additional 761 shares during the last quarter. Martingale Asset Management L P increased its position in shares of Gladstone Commercial by 0.6% during the 2nd quarter. Martingale Asset Management L P now owns 124,111 shares of the real estate investment trust’s stock valued at $2,705,000 after purchasing an additional 800 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Gladstone Commercial by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 910 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Gladstone Commercial by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,662 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 1,336 shares during the last quarter. Hedge funds and other institutional investors own 52.78% of the company’s stock.

Shares of Gladstone Commercial Co. (GOOD) traded down $0.10 on Friday, reaching $19.84. 146,339 shares of the company’s stock were exchanged, compared to its average volume of 192,013. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $552.45, a price-to-earnings ratio of -661.33, a P/E/G ratio of 2.12 and a beta of 0.87. Gladstone Commercial Co. has a twelve month low of $19.07 and a twelve month high of $23.35.

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, January 22nd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 19th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.56%. Gladstone Commercial’s dividend payout ratio is currently -5,000.00%.

Several research firms have recently commented on GOOD. Zacks Investment Research raised shares of Gladstone Commercial from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Friday. BidaskClub lowered shares of Gladstone Commercial from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a report on Friday, December 1st. Finally, ValuEngine lowered shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.33.

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Gladstone Commercial 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.

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

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