Virginia Retirement Systems ET AL Buys New Holdings in Gladstone Commercial Corporation (GOOD)

Virginia Retirement Systems ET AL acquired a new stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,800 shares of the real estate investment trust’s stock, valued at approximately $285,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc raised its holdings in shares of Gladstone Commercial by 13.8% during the third quarter. Commonwealth Equity Services Inc now owns 28,449 shares of the real estate investment trust’s stock valued at $633,000 after purchasing an additional 3,460 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Gladstone Commercial by 27.7% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,669 shares of the real estate investment trust’s stock valued at $616,000 after purchasing an additional 6,002 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Gladstone Commercial by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 243,509 shares of the real estate investment trust’s stock valued at $5,423,000 after purchasing an additional 5,333 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Gladstone Commercial by 55.9% during the third quarter. Prudential Financial Inc. now owns 21,012 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 7,530 shares during the last quarter. Finally, Forsta AP Fonden raised its holdings in shares of Gladstone Commercial by 59.1% during the third quarter. Forsta AP Fonden now owns 30,700 shares of the real estate investment trust’s stock valued at $684,000 after purchasing an additional 11,400 shares during the last quarter. 52.79% of the stock is owned by hedge funds and other institutional investors.

Shares of Gladstone Commercial Corporation (GOOD) opened at $21.67 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78. The stock has a market cap of $595.40, a P/E ratio of 14.23, a P/E/G ratio of 2.35 and a beta of 0.86. Gladstone Commercial Corporation has a 12-month low of $18.73 and a 12-month high of $23.35.

The firm also recently announced a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.50 annualized dividend and a yield of 6.92%. Gladstone Commercial’s dividend payout ratio (DPR) is -5,000.00%.

Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a report on Thursday, August 17th. Zacks Investment Research cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine cut shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Finally, Janney Montgomery Scott assumed coverage on shares of Gladstone Commercial in a report on Friday, September 8th. They set a “buy” rating for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Gladstone Commercial currently has an average rating of “Hold” and a consensus target price of $23.33.

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Gladstone Commercial 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 (NASDAQ:GOOD)

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