Barclays PLC Acquires 47,456 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Barclays PLC grew its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 323.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,132 shares of the real estate investment trust’s stock after acquiring an additional 47,456 shares during the quarter. Barclays PLC owned 0.14% of Gladstone Commercial worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. State Street Corp boosted its position in shares of Gladstone Commercial by 3.6% in 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 acquiring an additional 36,616 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Gladstone Commercial by 36.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock worth $7,168,000 after purchasing an additional 117,988 shares during the period. Los Angeles Capital Management LLC bought a new position in Gladstone Commercial in the third quarter worth $2,306,000. Renaissance Technologies LLC lifted its position in 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 worth $20,122,000 after purchasing an additional 34,400 shares during the period. Finally, Quest Partners LLC bought a new position in Gladstone Commercial in the third quarter worth $612,000. 45.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GOOD has been the subject of several research reports. 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 issued a $15.00 target price (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 Stock Performance

Gladstone Commercial stock opened at $16.18 on Tuesday. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54. The stock has a fifty day moving average price of $16.70 and a two-hundred day moving average price of $15.64. 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 $710.61 million, a P/E ratio of 80.90, a P/E/G ratio of 1.97 and a beta of 1.24.

Gladstone Commercial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.42%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 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.