Parametric Portfolio Associates LLC Has $1.60 Million Position in Gladstone Commercial Corporation (GOOD)
Parametric Portfolio Associates LLC lowered its stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) by 27.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,291 shares of the real estate investment trust’s stock after selling 27,164 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.27% of Gladstone Commercial Corporation worth $1,597,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of GOOD. Chicago Equity Partners LLC acquired a new stake in Gladstone Commercial Corporation during the second quarter worth approximately $2,654,000. Vanguard Group Inc. boosted its holdings in shares of Gladstone Commercial Corporation by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,910,745 shares of the real estate investment trust’s stock valued at $63,425,000 after purchasing an additional 81,609 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Gladstone Commercial Corporation by 496.5% in the 2nd quarter. GSA Capital Partners LLP now owns 92,753 shares of the real estate investment trust’s stock valued at $2,021,000 after purchasing an additional 77,203 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX boosted its holdings in shares of Gladstone Commercial Corporation by 9.8% in the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 407,864 shares of the real estate investment trust’s stock valued at $8,887,000 after purchasing an additional 36,360 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Gladstone Commercial Corporation by 112.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 37,481 shares of the real estate investment trust’s stock valued at $817,000 after purchasing an additional 19,833 shares in the last quarter. 48.68% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on GOOD. 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 report on Wednesday, August 2nd. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial Corporation in a report 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 began coverage on Gladstone Commercial Corporation in a report on Friday, September 8th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Gladstone Commercial Corporation currently has a consensus rating of “Hold” and a consensus target price of $23.33.
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Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) opened at $22.47 on Monday. Gladstone Commercial Corporation has a twelve month low of $17.26 and a twelve month high of $23.35. The firm has a market capitalization of $622.55, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 2.45 and a beta of 0.86. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.78.
The company also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be paid a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend is Friday, November 17th. Gladstone Commercial Corporation’s payout ratio is -5,000.00%.
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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