Daiwa Securities Group Inc. Increases Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Daiwa Securities Group Inc. grew its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 11.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,304 shares of the real estate investment trust’s stock after purchasing an additional 2,217 shares during the period. Daiwa Securities Group Inc.’s holdings in Gladstone Commercial were worth $346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Gladstone Commercial by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock valued at $55,999,000 after purchasing an additional 53,802 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Gladstone Commercial by 7.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 17,990 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 1,185 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Gladstone Commercial by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,618 shares of the real estate investment trust’s stock valued at $327,000 after acquiring an additional 1,609 shares during the last quarter. Cetera Advisors LLC boosted its holdings in Gladstone Commercial by 14.8% during the 1st quarter. Cetera Advisors LLC now owns 18,298 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 2,353 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Gladstone Commercial by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 159,547 shares of the real estate investment trust’s stock worth $2,277,000 after acquiring an additional 1,327 shares during the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Down 0.3 %

Shares of NASDAQ GOOD opened at $17.61 on Monday. The firm has a fifty day simple moving average of $16.49 and a two-hundred day simple moving average of $15.31. The firm has a market capitalization of $773.43 million, a PE ratio of 88.05, a price-to-earnings-growth ratio of 2.05 and a beta of 1.21. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. Gladstone Commercial Co. has a 12 month low of $11.89 and a 12 month high of $17.88.

Gladstone Commercial Announces Dividend

The company 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. The ex-dividend date is Friday, December 20th. This represents a $1.20 annualized dividend and a dividend yield of 6.81%. Gladstone Commercial’s dividend payout ratio is presently 600.00%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th. B. Riley reiterated a “neutral” rating and set a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. Finally, StockNews.com raised shares of Gladstone Commercial from a “hold” rating to a “buy” rating in a report on Thursday, November 21st.

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.