Nisa Investment Advisors LLC Purchases 926 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Nisa Investment Advisors LLC lifted its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 6.9% during the second quarter, Holdings Channel.com reports. The firm owned 14,251 shares of the real estate investment trust’s stock after buying an additional 926 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Gladstone Commercial were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GOOD. BlackRock Inc. increased its stake in shares of Gladstone Commercial by 3.1% during the fourth quarter. BlackRock Inc. now owns 2,252,248 shares of the real estate investment trust’s stock worth $40,361,000 after purchasing an additional 68,243 shares during the period. Millennium Management LLC increased its stake in Gladstone Commercial by 25.0% during the 4th quarter. Millennium Management LLC now owns 268,085 shares of the real estate investment trust’s stock worth $4,804,000 after acquiring an additional 53,532 shares during the period. Bank of America Corp DE increased its stake in Gladstone Commercial by 124.2% during the 4th quarter. Bank of America Corp DE now owns 73,411 shares of the real estate investment trust’s stock worth $1,316,000 after acquiring an additional 40,668 shares during the period. AJO LP increased its stake in Gladstone Commercial by 13.5% during the 1st quarter. AJO LP now owns 302,002 shares of the real estate investment trust’s stock worth $6,273,000 after acquiring an additional 35,986 shares during the period. Finally, Martingale Asset Management L P increased its stake in Gladstone Commercial by 23.3% during the 1st quarter. Martingale Asset Management L P now owns 181,623 shares of the real estate investment trust’s stock worth $3,773,000 after acquiring an additional 34,310 shares during the period. Institutional investors own 55.63% of the company’s stock.

GOOD stock opened at $21.30 on Tuesday. The stock has a 50-day simple moving average of $21.35. Gladstone Commercial Co. has a 1-year low of $16.89 and a 1-year high of $22.83. The company has a debt-to-equity ratio of 2.18, a quick ratio of 10.81 and a current ratio of 10.81. The company has a market cap of $660.70 million, a price-to-earnings ratio of 13.40, a PEG ratio of 2.70 and a beta of 0.83.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.42). Gladstone Commercial had a return on equity of 4.72% and a net margin of 10.97%. The business had revenue of $28.20 million during the quarter, compared to the consensus estimate of $28.55 million. On average, equities analysts forecast that Gladstone Commercial Co. will post 1.58 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, August 20th will be given a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date of this dividend is Monday, August 19th. Gladstone Commercial’s payout ratio is 94.34%.

A number of equities analysts have commented on GOOD shares. Zacks Investment Research lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub raised Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Saturday. Finally, ValuEngine downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.50.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

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

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