Geode Capital Management LLC Buys 34,017 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Geode Capital Management LLC lifted its stake in Gladstone Commercial Co. (NASDAQ:GOOD) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,098,176 shares of the real estate investment trust’s stock after buying an additional 34,017 shares during the quarter. Geode Capital Management LLC owned approximately 2.50% of Gladstone Commercial worth $17,837,000 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. Renaissance Technologies LLC boosted its holdings in shares of Gladstone Commercial by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock valued at $20,122,000 after purchasing an additional 34,400 shares during the last quarter. State Street Corp boosted its stake in Gladstone Commercial by 3.6% during the third quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock valued at $17,074,000 after buying an additional 36,616 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Gladstone Commercial by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 567,878 shares of the real estate investment trust’s stock valued at $8,103,000 after buying an additional 14,452 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Gladstone Commercial by 36.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock worth $7,168,000 after acquiring an additional 117,988 shares during the last quarter. Finally, LSV Asset Management increased its stake in Gladstone Commercial by 1.5% in the 2nd quarter. LSV Asset Management now owns 327,900 shares of the real estate investment trust’s stock worth $4,679,000 after acquiring an additional 4,800 shares during the last quarter. Institutional investors own 45.51% of the company’s stock.

Wall Street Analyst Weigh In

GOOD has been the subject of a number of recent research reports. Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th. StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, B. Riley restated a “neutral” rating and issued a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th.

Gladstone Commercial Stock Down 1.1 %

NASDAQ GOOD opened at $16.01 on Friday. Gladstone Commercial Co. has a 52 week low of $11.89 and a 52 week high of $17.88. The firm has a market capitalization of $703.14 million, a price-to-earnings ratio of 80.05, a PEG ratio of 1.97 and a beta of 1.24. 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 company has a fifty day moving average of $16.70 and a two-hundred day moving average of $15.62.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.50%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial’s dividend payout ratio (DPR) is currently 600.00%.

About Gladstone Commercial

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.