Invesco Ltd. Acquires 36,979 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Invesco Ltd. grew its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 705,308 shares of the real estate investment trust’s stock after purchasing an additional 36,979 shares during the period. Invesco Ltd. owned approximately 1.92% of Gladstone Commercial worth $15,912,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Gladstone Commercial by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,683,532 shares of the real estate investment trust’s stock valued at $83,100,000 after purchasing an additional 127,530 shares during the last quarter. BlackRock Inc. grew its position in Gladstone Commercial by 2.5% during the 2nd quarter. BlackRock Inc. now owns 2,912,629 shares of the real estate investment trust’s stock worth $65,710,000 after acquiring an additional 70,623 shares during the last quarter. Renaissance Technologies LLC grew its position in Gladstone Commercial by 2.1% during the 2nd quarter. Renaissance Technologies LLC now owns 2,192,522 shares of the real estate investment trust’s stock worth $49,463,000 after acquiring an additional 45,600 shares during the last quarter. State Street Corp grew its position in Gladstone Commercial by 8.7% during the 2nd quarter. State Street Corp now owns 838,788 shares of the real estate investment trust’s stock worth $18,923,000 after acquiring an additional 67,438 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Gladstone Commercial by 9.8% during the 2nd quarter. Geode Capital Management LLC now owns 780,263 shares of the real estate investment trust’s stock worth $17,602,000 after acquiring an additional 69,367 shares during the last quarter. Institutional investors own 51.68% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Aegis boosted their price objective on Gladstone Commercial from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 10th. Zacks Investment Research lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $25.50.

Shares of GOOD opened at $22.67 on Thursday. The company has a market capitalization of $844.87 million, a PE ratio of 453.40, a PEG ratio of 2.38 and a beta of 1.01. Gladstone Commercial Co. has a 12 month low of $17.46 and a 12 month high of $23.49. The stock’s 50-day moving average price is $21.95 and its two-hundred day moving average price is $22.19. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 3.34.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Sunday, October 31st. The real estate investment trust reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. The firm had revenue of $34.33 million for the quarter, compared to the consensus estimate of $34.90 million. Gladstone Commercial had a return on equity of 7.47% and a net margin of 11.53%. During the same period in the previous year, the business earned $0.40 EPS. Equities research analysts predict that Gladstone Commercial Co. will post 1.58 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, December 31st. Shareholders of record on Thursday, December 23rd will be issued a dividend of $0.1253 per share. This represents a $1.50 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Wednesday, December 22nd. Gladstone Commercial’s payout ratio is presently 3,000.00%.

About Gladstone Commercial

Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. Its portfolio consists of single-tenant commercial and industrial real properties. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.

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

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