Nisa Investment Advisors LLC raised its stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,190 shares of the real estate investment trust’s stock after buying an additional 350 shares during the period. Nisa Investment Advisors LLC’s holdings in Gladstone Commercial Corporation were worth $168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Creative Planning raised its position in 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 valued at $107,000 after buying an additional 517 shares during the last quarter. Bank of America Corp DE increased its stake 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 valued at $265,000 after buying an additional 3,918 shares during the period. Goldman Sachs Group Inc. increased its stake 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 valued at $279,000 after buying an additional 910 shares during the period. American International Group Inc. increased its stake 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 valued at $287,000 after buying an additional 1,012 shares during the period. Finally, HPM Partners LLC purchased a new stake in shares of Gladstone Commercial Corporation during the first quarter valued at about $289,000. Hedge funds and other institutional investors own 48.12% of the company’s stock.

Gladstone Commercial Corporation (NASDAQ GOOD) traded up 0.90% during mid-day trading on Wednesday, hitting $21.19. 79,829 shares of the stock were exchanged. Gladstone Commercial Corporation has a one year low of $16.02 and a one year high of $23.35.

The company 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 7.14%. 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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GOOD has been the subject of several recent research reports. Zacks Investment Research raised shares of Gladstone Commercial Corporation from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, May 9th. DA Davidson initiated coverage on shares of Gladstone Commercial Corporation in a research report on Tuesday, July 25th. They issued a “buy” rating and a $24.00 price objective for the company. BidaskClub raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Canaccord Genuity initiated coverage on shares of Gladstone Commercial Corporation in a research report on Tuesday, July 18th. They issued a “hold” rating and a $22.00 price objective for the company. Finally, Hilliard Lyons downgraded shares of Gladstone Commercial Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Gladstone Commercial Corporation has an average rating of “Hold” and a consensus 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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