HL Financial Services LLC boosted its stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 8.7% during the second quarter, Holdings Channel reports. The fund owned 40,851 shares of the real estate investment trust’s stock after buying an additional 3,273 shares during the period. HL Financial Services LLC’s holdings in Gladstone Commercial Corporation were worth $890,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in Gladstone Commercial Corporation by 0.8% in the second quarter. Bessemer Group Inc. now owns 52,500 shares of the real estate investment trust’s stock valued at $1,144,000 after buying an additional 400 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Gladstone Commercial Corporation by 2.4% in the second quarter. Janney Montgomery Scott LLC now owns 42,850 shares of the real estate investment trust’s stock valued at $934,000 after buying an additional 1,000 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Gladstone Commercial Corporation by 112.4% in the second quarter. Russell Investments Group Ltd. now owns 37,481 shares of the real estate investment trust’s stock valued at $817,000 after buying an additional 19,833 shares during the last quarter. Forsta AP Fonden purchased a new stake in Gladstone Commercial Corporation during the second quarter valued at approximately $421,000. Finally, Nisa Investment Advisors LLC raised its stake in 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 valued at $168,000 after buying an additional 350 shares during the last quarter. 48.19% of the stock is owned by institutional investors and hedge funds.

Shares of Gladstone Commercial Corporation (GOOD) opened at 20.47 on Friday. Gladstone Commercial Corporation has a 52-week low of $16.02 and a 52-week high of $23.35.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date of this dividend is Tuesday, September 19th. Gladstone Commercial Corporation’s dividend payout ratio is presently -1,250.00%.

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Several analysts have commented on the stock. BidaskClub raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Canaccord Genuity decreased their price target on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. DA Davidson assumed coverage on shares of Gladstone Commercial Corporation in a research 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 research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target 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.

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

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