OLIO Financial Planning Has $472,000 Position in Gladstone Commercial Co. (NASDAQ:GOOD)

OLIO Financial Planning lessened its stake in Gladstone Commercial Co. (NASDAQ:GOOD) by 50.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 29,050 shares of the real estate investment trust’s stock after selling 29,050 shares during the quarter. OLIO Financial Planning’s holdings in Gladstone Commercial were worth $472,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Gladstone Commercial by 68.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 2,885 shares during the last quarter. American Century Companies Inc. increased its position in Gladstone Commercial by 21.8% during the second quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 2,210 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in Gladstone Commercial by 8.0% during the fourth quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 908 shares in the last quarter. SG Americas Securities LLC bought a new position in Gladstone Commercial during the third quarter valued at about $226,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Gladstone Commercial by 12.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,039 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 1,795 shares during the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GOOD shares. StockNews.com downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th. Finally, B. Riley reiterated a “neutral” rating and issued a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th.

Gladstone Commercial Price Performance

Shares of NASDAQ:GOOD opened at $16.04 on Monday. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10. The business has a 50 day moving average price of $16.56 and a 200 day moving average price of $15.90. The company has a market cap of $704.48 million, a price-to-earnings ratio of 80.20, a PEG ratio of 1.86 and a beta of 1.25. Gladstone Commercial Co. has a twelve month low of $11.89 and a twelve month high of $17.88.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 27th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a dividend yield of 7.48%. Gladstone Commercial’s payout ratio is 600.00%.

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.