141,996 Shares in Gladstone Commercial Co. (NASDAQ:GOOD) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new stake in Gladstone Commercial Co. (NASDAQ:GOOD) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 141,996 shares of the real estate investment trust’s stock, valued at approximately $2,306,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Freestone Capital Holdings LLC acquired a new position in shares of Gladstone Commercial in the first quarter valued at approximately $1,107,000. Vanguard Group Inc. increased its position in shares of Gladstone Commercial by 1.3% during the first quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock worth $55,999,000 after acquiring an additional 53,802 shares during the period. Renaissance Technologies LLC raised its stake in shares of Gladstone Commercial by 2.5% in the second quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock valued at $20,122,000 after acquiring an additional 34,400 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Gladstone Commercial by 1,524.0% in the third quarter. International Assets Investment Management LLC now owns 37,644 shares of the real estate investment trust’s stock valued at $611,000 after purchasing an additional 35,326 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Gladstone Commercial in the first quarter valued at $113,000. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Trading Down 0.6 %

NASDAQ:GOOD opened at $17.06 on Thursday. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. Gladstone Commercial Co. has a 1 year low of $11.89 and a 1 year high of $17.53. The stock has a market cap of $749.28 million, a P/E ratio of 86.15, a P/E/G ratio of 2.04 and a beta of 1.21. The stock has a 50-day simple moving average of $16.10 and a 200-day simple moving average of $15.03.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a yield of 7.03%. Gladstone Commercial’s payout ratio is currently 600.00%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GOOD shares. StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. B. Riley reiterated a “neutral” rating and issued a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. Finally, Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th.

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.