Gladstone Commercial Corporation (GOOD) Stake Cut by Trust Co. of Vermont

Trust Co. of Vermont decreased its position in Gladstone Commercial Corporation (NASDAQ:GOOD) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,450 shares of the real estate investment trust’s stock after selling 600 shares during the period. Trust Co. of Vermont’s holdings in Gladstone Commercial Corporation were worth $337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Gladstone Commercial Corporation by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 237,993 shares of the real estate investment trust’s stock worth $4,919,000 after buying an additional 14,535 shares during the last quarter. HPM Partners LLC bought a new stake in shares of Gladstone Commercial Corporation during the first quarter worth about $289,000. Boston Partners raised its stake in shares of Gladstone Commercial Corporation by 2.6% in the first quarter. Boston Partners now owns 77,272 shares of the real estate investment trust’s stock worth $1,597,000 after buying an additional 1,984 shares during the period. Albert D Mason Inc. raised its stake in shares of Gladstone Commercial Corporation by 1.3% in the first quarter. Albert D Mason Inc. now owns 68,778 shares of the real estate investment trust’s stock worth $1,422,000 after buying an additional 870 shares during the period. Finally, LSV Asset Management raised its stake in shares of Gladstone Commercial Corporation by 2.7% in the first quarter. LSV Asset Management now owns 378,557 shares of the real estate investment trust’s stock worth $7,824,000 after buying an additional 9,900 shares during the period. 48.19% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Commercial Corporation (NASDAQ GOOD) traded up 0.34% during mid-day trading on Tuesday, reaching $20.88. 140,090 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $21.35 and its 200 day moving average price is $20.80. The stock’s market capitalization is $577.16 million. Gladstone Commercial Corporation has a 12 month low of $16.02 and a 12 month high of $23.35.

The company also recently announced a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 20th will be paid 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 7.18%. Gladstone Commercial Corporation’s payout ratio is -1,250.00%.

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A number of analysts recently issued reports on the stock. Hilliard Lyons lowered shares of Gladstone Commercial Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 3rd. Canaccord Genuity assumed coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 18th. They issued a “hold” rating and a $22.00 price target for the company. BidaskClub lowered shares of Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, DA Davidson assumed coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 25th. They issued a “buy” rating and a $24.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Gladstone Commercial Corporation currently has a consensus 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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