Nationwide Fund Advisors Has $314,000 Holdings in Gladstone Commercial Corporation (GOOD)

Nationwide Fund Advisors reduced its stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,431 shares of the real estate investment trust’s stock after selling 363 shares during the quarter. Nationwide Fund Advisors owned about 0.05% of Gladstone Commercial Corporation worth $314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOD. Creative Planning increased its stake in Gladstone Commercial Corporation by 11.7% during the second quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 517 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Gladstone Commercial Corporation by 99.6% during the second quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 2,511 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Gladstone Commercial Corporation by 4.5% during the second quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 350 shares during the last quarter. Bank of America Corp DE increased its stake in Gladstone Commercial Corporation by 44.0% during the first quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 3,918 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Gladstone Commercial Corporation by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 910 shares during the last quarter. 49.02% of the stock is currently owned by institutional investors.

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Gladstone Commercial Corporation (NASDAQ:GOOD) opened at $22.56 on Friday. The company has a market capitalization of $626.15, a P/E ratio of 14.97, a PEG ratio of 2.47 and a beta of 0.86. Gladstone Commercial Corporation has a 52 week low of $16.93 and a 52 week high of $23.35. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.68 and a current ratio of 0.68.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.65%. Gladstone Commercial Corporation’s dividend payout ratio is -5,000.00%.

Several brokerages have weighed in on GOOD. Canaccord Genuity reduced their price objective on Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial Corporation in a research note on Thursday, August 17th. BidaskClub raised Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Zacks Investment Research raised Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Janney Montgomery Scott began coverage on Gladstone Commercial Corporation in a research note on Friday, September 8th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $23.33.

About Gladstone Commercial Corporation

Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.

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Institutional Ownership by Quarter for Gladstone Commercial Corporation (NASDAQ:GOOD)

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