Baird Financial Group Inc. Buys 3,630 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Baird Financial Group Inc. lifted its stake in Gladstone Commercial Co. (NASDAQ:GOODGet Rating) by 22.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,628 shares of the real estate investment trust’s stock after acquiring an additional 3,630 shares during the period. Baird Financial Group Inc.’s holdings in Gladstone Commercial were worth $369,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MQS Management LLC bought a new position in Gladstone Commercial in the second quarter worth about $480,000. Wilen Investment Management CORP. lifted its position in Gladstone Commercial by 66.7% during the second quarter. Wilen Investment Management CORP. now owns 2,500 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 1,000 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Gladstone Commercial by 1,125.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,707 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 7,078 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Gladstone Commercial by 2.6% in the second quarter. Janney Montgomery Scott LLC now owns 94,083 shares of the real estate investment trust’s stock worth $1,773,000 after purchasing an additional 2,413 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Gladstone Commercial by 6.9% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 38,490 shares of the real estate investment trust’s stock worth $725,000 after purchasing an additional 2,500 shares in the last quarter. 47.63% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Stock Performance

Shares of GOOD opened at $18.85 on Tuesday. The company has a debt-to-equity ratio of 3.41, a quick ratio of 4.81 and a current ratio of 4.81. The stock has a 50-day moving average of $17.02 and a two-hundred day moving average of $18.59. The stock has a market cap of $746.59 million, a P/E ratio of -377.00, a P/E/G ratio of 1.95 and a beta of 1.12. Gladstone Commercial Co. has a one year low of $15.02 and a one year high of $26.13.

Gladstone Commercial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 30th. Investors of record on Tuesday, December 20th will be given a $0.1254 dividend. The ex-dividend date is Monday, December 19th. This represents a $1.50 dividend on an annualized basis and a yield of 7.98%. Gladstone Commercial’s dividend payout ratio is currently -3,000.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GOOD shares. StockNews.com began coverage on Gladstone Commercial in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. EF Hutton Acquisition Co. I cut their price objective on shares of Gladstone Commercial from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 9th. Finally, TheStreet cut shares of Gladstone Commercial from a “c-” rating to a “d+” rating in a research note on Friday, October 7th.

Gladstone Commercial Company Profile

(Get Rating)

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 September 2020, Gladstone Commercial has paid 189 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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