Gladstone Commercial Corporation (GOOD) Position Held by RMR Advisors LLC

RMR Advisors LLC maintained its stake in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,742 shares of the real estate investment trust’s stock at the end of the second quarter. RMR Advisors LLC’s holdings in Gladstone Commercial Corporation were worth $496,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GOOD. Bank of New York Mellon Corp boosted its stake in shares of 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 acquired a new stake in shares of Gladstone Commercial Corporation during the first quarter worth approximately $289,000. Boston Partners boosted 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 last quarter. Albert D Mason Inc. boosted 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 last quarter. Finally, LSV Asset Management boosted 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 last quarter. 48.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Gladstone Commercial Corporation (NASDAQ GOOD) opened at 21.42 on Monday. Gladstone Commercial Corporation has a 1-year low of $16.02 and a 1-year high of $23.35.

Gladstone Commercial Corporation (NASDAQ:GOOD) last issued its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. Gladstone Commercial Corporation had a net margin of 8.56% and a return on equity of 3.22%. The firm had revenue of $22.31 million for the quarter. On average, equities analysts expect that Gladstone Commercial Corporation will post $0.10 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $1.50 annualized dividend and a yield of 7.00%. Gladstone Commercial Corporation’s payout ratio is presently -2,142.55%.

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A number of brokerages recently commented on GOOD. Hilliard Lyons cut shares of Gladstone Commercial Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 3rd. Canaccord Genuity began 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 objective on the stock. BidaskClub cut shares of Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, DA Davidson began 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 objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Gladstone Commercial Corporation has an average rating of “Hold” and a consensus target price of $23.00.

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.

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