Russell Investments Group Ltd. Boosts Holdings in Gladstone Commercial Corporation (GOOD)

Russell Investments Group Ltd. raised its position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 112.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,481 shares of the real estate investment trust’s stock after acquiring an additional 19,833 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.15% of Gladstone Commercial Corporation worth $817,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Strs Ohio boosted its position in Gladstone Commercial Corporation by 0.9% during the 1st quarter. Strs Ohio now owns 43,721 shares of the real estate investment trust’s stock valued at $903,000 after acquiring an additional 401 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Gladstone Commercial Corporation by 26.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 55,400 shares of the real estate investment trust’s stock valued at $1,146,000 after acquiring an additional 11,500 shares in the last quarter. California Public Employees Retirement System boosted its position in Gladstone Commercial Corporation by 1.0% during the 1st quarter. California Public Employees Retirement System now owns 31,500 shares of the real estate investment trust’s stock valued at $651,000 after acquiring an additional 300 shares in the last quarter. Boston Partners boosted its position in Gladstone Commercial Corporation by 2.6% during the 1st quarter. Boston Partners now owns 77,272 shares of the real estate investment trust’s stock valued at $1,597,000 after acquiring an additional 1,984 shares in the last quarter. Finally, Martingale Asset Management L P boosted its position in Gladstone Commercial Corporation by 9.4% during the 1st quarter. Martingale Asset Management L P now owns 123,311 shares of the real estate investment trust’s stock valued at $2,549,000 after acquiring an additional 10,600 shares in the last quarter. 49.07% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Gladstone Commercial Corporation (NASDAQ GOOD) traded down 0.32% during mid-day trading on Friday, hitting $21.74. The stock had a trading volume of 467,903 shares. The stock’s market cap is $600.94 million. The company’s 50 day moving average is $21.13 and its 200-day moving average is $21.05. Gladstone Commercial Corporation has a 52-week low of $16.02 and a 52-week high of $23.35.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 20th will be issued a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend is Tuesday, September 19th. Gladstone Commercial Corporation’s payout ratio is -1,250.00%.

GOOD has been the topic of several research reports. Zacks Investment Research raised Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Canaccord Genuity initiated coverage on Gladstone Commercial Corporation in a research report on Tuesday, July 18th. They set a “hold” rating and a $22.00 price objective on the stock. BidaskClub cut Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Janney Montgomery Scott initiated coverage on Gladstone Commercial Corporation in a research report on Friday, September 8th. They set a “buy” rating on the stock. Finally, DA Davidson started coverage on Gladstone Commercial Corporation in a research report on Tuesday, July 25th. They set a “buy” rating and a $24.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Gladstone Commercial Corporation currently has an average rating of “Hold” and a consensus price target of $22.67.

Gladstone Commercial Corporation Company Profile

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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