Bessemer Group Inc. raised its position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,500 shares of the real estate investment trust’s stock after buying an additional 400 shares during the period. Bessemer Group Inc.’s holdings in Gladstone Commercial Corporation were worth $1,144,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Creative Planning raised its position in shares of Gladstone Commercial Corporation by 11.7% in the second quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 517 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Gladstone Commercial Corporation by 4.5% in the second quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 350 shares during the period. Bank of America Corp DE raised its position in shares of Gladstone Commercial Corporation by 44.0% in 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 buying an additional 3,918 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Gladstone Commercial Corporation by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 910 shares during the period. Finally, American International Group Inc. raised its position in shares of Gladstone Commercial Corporation by 7.9% in the first quarter. American International Group Inc. now owns 13,861 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 1,012 shares during the period. Institutional investors and hedge funds own 48.12% of the company’s stock.

Gladstone Commercial Corporation (NASDAQ GOOD) opened at 20.90 on Tuesday. Gladstone Commercial Corporation has a 12-month low of $16.02 and a 12-month high of $23.35.

The company also recently announced a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be paid a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend is Tuesday, September 19th. Gladstone Commercial Corporation’s dividend payout ratio is currently -1,250.00%.

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A number of brokerages recently issued reports on GOOD. Canaccord Genuity dropped their price objective on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. DA Davidson began coverage on shares of Gladstone Commercial Corporation in a report on Tuesday, July 25th. They set a “buy” rating and a $24.00 price target for the company. Finally, Hilliard Lyons lowered shares of Gladstone Commercial Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $22.67.

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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