Morgan Stanley lowered its position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 37.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 102,442 shares of the real estate investment trust’s stock after selling 60,559 shares during the period. Morgan Stanley owned about 0.41% of Gladstone Commercial Corporation worth $2,118,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its position in Gladstone Commercial Corporation by 9.7% in the first quarter. Asset Management One Co. Ltd. now owns 56,960 shares of the real estate investment trust’s stock worth $1,171,000 after buying an additional 5,023 shares in the last quarter. American International Group Inc. raised its position in 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 in the last quarter. JPMorgan Chase & Co. raised its position in Gladstone Commercial Corporation by 2.1% in the first quarter. JPMorgan Chase & Co. now owns 148,525 shares of the real estate investment trust’s stock worth $3,070,000 after buying an additional 3,100 shares in the last quarter. Martingale Asset Management L P raised its position in Gladstone Commercial Corporation by 9.4% in the first quarter. Martingale Asset Management L P now owns 123,311 shares of the real estate investment trust’s stock worth $2,549,000 after buying an additional 10,600 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in Gladstone Commercial Corporation during the first quarter worth approximately $481,000. 49.07% of the stock is currently owned by institutional investors.

Gladstone Commercial Corporation (NASDAQ GOOD) traded down 0.42% on Monday, reaching $21.10. 29,141 shares of the company’s stock traded hands. Gladstone Commercial Corporation has a 52-week low of $16.02 and a 52-week high of $23.35.

The company also recently declared a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.08%. Gladstone Commercial Corporation’s dividend payout ratio (DPR) is currently -1,250.00%.

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A number of research firms recently commented on GOOD. Canaccord Genuity lowered their price objective on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating on the stock in a research note 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. Hilliard Lyons lowered shares of Gladstone Commercial Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 3rd. BidaskClub upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price 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.

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

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