Strs Ohio Has $620,000 Stock Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Strs Ohio lowered its stake in Gladstone Commercial Co. (NASDAQ:GOODGet Rating) by 19.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 40,054 shares of the real estate investment trust’s stock after selling 9,649 shares during the period. Strs Ohio owned approximately 0.10% of Gladstone Commercial worth $620,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cetera Advisor Networks LLC grew its stake in Gladstone Commercial by 5.2% in the 1st quarter. Cetera Advisor Networks LLC now owns 15,759 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 778 shares during the last quarter. Carnegie Capital Asset Management LLC grew its stake in Gladstone Commercial by 3.7% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 25,109 shares of the real estate investment trust’s stock valued at $389,000 after buying an additional 891 shares during the last quarter. FMR LLC boosted its holdings in Gladstone Commercial by 22.6% in the 2nd quarter. FMR LLC now owns 4,945 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 911 shares during the period. Wilen Investment Management CORP. boosted its holdings in Gladstone Commercial by 66.7% in the 2nd quarter. Wilen Investment Management CORP. now owns 2,500 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,000 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in Gladstone Commercial by 9.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 11,991 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 1,064 shares during the period. Institutional investors and hedge funds own 45.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GOOD. Janney Montgomery Scott downgraded shares of Gladstone Commercial from a “buy” rating to a “neutral” rating and set a $17.50 price objective for the company. in a report on Friday, January 13th. TheStreet downgraded shares of Gladstone Commercial from a “c-” rating to a “d+” rating in a report on Friday, October 7th. EF Hutton Acquisition Co. I cut their price objective on shares of Gladstone Commercial from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, January 13th. Finally, StockNews.com assumed coverage on shares of Gladstone Commercial in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Gladstone Commercial Stock Performance

Shares of Gladstone Commercial stock opened at $17.06 on Wednesday. The company has a 50 day moving average of $18.59 and a 200-day moving average of $18.40. Gladstone Commercial Co. has a 1-year low of $15.02 and a 1-year high of $24.86. The company has a current ratio of 4.81, a quick ratio of 4.81 and a debt-to-equity ratio of 3.41. The company has a market cap of $675.70 million, a PE ratio of -341.20, a price-to-earnings-growth ratio of 1.80 and a beta of 1.11.

Gladstone Commercial (NASDAQ:GOODGet Rating) last issued its quarterly earnings results on Monday, November 7th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.39). Gladstone Commercial had a return on equity of 4.97% and a net margin of 7.16%. The firm had revenue of $39.83 million for the quarter, compared to the consensus estimate of $37.14 million. As a group, equities research analysts forecast that Gladstone Commercial Co. will post 1.6 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date is Thursday, March 16th. Gladstone Commercial’s dividend payout ratio is -3,000.00%.

Gladstone Commercial Profile

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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 September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock.

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

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