Barclays PLC Increases Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

Barclays PLC lifted its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 323.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,132 shares of the real estate investment trust’s stock after buying an additional 47,456 shares during the period. Barclays PLC owned approximately 0.14% of Gladstone Commercial worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its position 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 worth $272,000 after purchasing an additional 867 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 worth $2,277,000 after buying an additional 1,327 shares during the last quarter. Ballentine Partners LLC grew its position in Gladstone Commercial by 11.4% during the third quarter. Ballentine Partners LLC now owns 15,838 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 1,624 shares during the period. The Manufacturers Life Insurance Company increased its holdings in 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 valued at $229,000 after buying an additional 1,795 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in Gladstone Commercial by 3.9% in 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 acquiring an additional 2,209 shares during the period. Institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Stock Down 0.1 %

Shares of GOOD stock opened at $15.88 on Wednesday. The company has a market capitalization of $697.43 million, a price-to-earnings ratio of 79.40, a PEG ratio of 1.96 and a beta of 1.25. 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 company’s fifty day moving average price is $16.69 and its 200-day moving average price is $15.80. Gladstone Commercial Co. has a one year low of $11.89 and a one year high of $17.88.

Wall Street Analyst Weigh In

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