Citadel Advisors LLC purchased a new stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 63,893 shares of the real estate investment trust’s stock, valued at approximately $1,392,000. Citadel Advisors LLC owned about 0.23% of Gladstone Commercial Corporation as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of Gladstone Commercial Corporation by 11.7% during the 2nd quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 517 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Gladstone Commercial Corporation by 99.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 2,511 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Gladstone Commercial Corporation by 4.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 350 shares in the last quarter. Bank of America Corp DE grew its stake in Gladstone Commercial Corporation by 44.0% during the 1st 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 last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Gladstone Commercial Corporation by 7.2% during the 1st 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 last quarter. Institutional investors and hedge funds own 49.07% of the company’s stock.

Several research analysts recently issued reports on GOOD shares. Canaccord Genuity reduced their target price on Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Ladenburg Thalmann Financial Services reiterated 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 report on Thursday, August 17th. Zacks Investment Research raised Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, Janney Montgomery Scott started coverage on Gladstone Commercial Corporation in a research note on Friday, September 8th. They set a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Gladstone Commercial Corporation presently has a consensus rating of “Hold” and a consensus price target of $22.67.

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Gladstone Commercial Corporation (NASDAQ GOOD) opened at 22.56 on Wednesday. Gladstone Commercial Corporation has a 52 week low of $16.02 and a 52 week high of $23.35. The firm’s 50-day moving average is $21.60 and its 200-day moving average is $21.26.

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $1.50 annualized dividend and a dividend yield of 6.65%. Gladstone Commercial Corporation’s dividend payout ratio is currently -1,250.00%.

Gladstone Commercial Corporation 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.

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

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