Barclays PLC Has $1.01 Million Stock Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

Barclays PLC grew its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 323.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 62,132 shares of the real estate investment trust’s stock after acquiring an additional 47,456 shares during the period. Barclays PLC’s holdings in Gladstone Commercial were worth $1,009,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GOOD. Ballentine Partners LLC grew its stake in Gladstone Commercial by 5.3% in the second quarter. Ballentine Partners LLC now owns 14,214 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 714 shares during the period. Daiwa Securities Group Inc. grew its stake in Gladstone Commercial by 4.8% in the second quarter. Daiwa Securities Group Inc. now owns 19,087 shares of the real estate investment trust’s stock valued at $272,000 after acquiring an additional 867 shares during the period. Bank of New York Mellon Corp grew its stake in Gladstone Commercial by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 159,547 shares of the real estate investment trust’s stock valued at $2,277,000 after acquiring an additional 1,327 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Gladstone Commercial by 12.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,039 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 1,795 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of Gladstone Commercial by 3.9% during the third quarter. Asset Management One Co. Ltd. now owns 58,177 shares of the real estate investment trust’s stock worth $945,000 after buying an additional 2,209 shares during the period. Institutional investors own 45.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GOOD shares. Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th. B. Riley reaffirmed a “neutral” rating and set a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Finally, StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Gladstone Commercial Price Performance

NASDAQ:GOOD opened at $16.18 on Tuesday. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10. The stock’s 50 day moving average price is $16.70 and its two-hundred day moving average price is $15.64. The firm has a market capitalization of $710.61 million, a price-to-earnings ratio of 80.90, a P/E/G ratio of 1.97 and a beta of 1.24. Gladstone Commercial Co. has a 12-month low of $11.89 and a 12-month high of $17.88.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial’s dividend payout ratio is currently 600.00%.

Gladstone Commercial Company 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.