The Teachers Insurance & Annuity Association of America Has $433,000 Stake in Gladstone Commercial Corporation (GOOD)

The Teachers Insurance & Annuity Association of America Has $433,000 Stake in Gladstone Commercial Corporation (GOOD)

Teachers Insurance & Annuity Association of America maintained its position in shares of Gladstone Commercial Corporation (NASDAQ:GOOD) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,254 shares of the real estate investment trust’s stock at the end of the third quarter. Teachers Insurance & Annuity Association of America’s holdings in Gladstone Commercial Corporation were worth $433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Albert D Mason Inc. raised its position in shares of Gladstone Commercial Corporation by 83.5% in the third quarter. Albert D Mason Inc. now owns 158,516 shares of the real estate investment trust’s stock worth $2,953,000 after buying an additional 72,108 shares during the period. LSV Asset Management raised its position in shares of Gladstone Commercial Corporation by 32.8% in the third quarter. LSV Asset Management now owns 216,918 shares of the real estate investment trust’s stock worth $4,041,000 after buying an additional 53,556 shares during the period. Bank of New York Mellon Corp raised its position in shares of Gladstone Commercial Corporation by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 204,639 shares of the real estate investment trust’s stock worth $3,456,000 after buying an additional 15,674 shares during the period. HL Financial Services LLC raised its position in shares of Gladstone Commercial Corporation by 3.1% in the second quarter. HL Financial Services LLC now owns 38,068 shares of the real estate investment trust’s stock worth $643,000 after buying an additional 1,143 shares during the period. Finally, Chicago Equity Partners LLC acquired a new position in shares of Gladstone Commercial Corporation during the second quarter worth approximately $392,000. 42.39% of the stock is currently owned by institutional investors.

Gladstone Commercial Corporation (NASDAQ:GOOD) traded down 0.12% on Wednesday, reaching $19.99. The company had a trading volume of 110,788 shares. The company’s 50 day moving average price is $19.47 and its 200-day moving average price is $18.35. Gladstone Commercial Corporation has a 12 month low of $12.75 and a 12 month high of $20.68.

The business also recently declared a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 22nd will be paid a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 7.50%. The ex-dividend date of this dividend is Monday, March 20th. Gladstone Commercial Corporation’s dividend payout ratio is -1,666.67%.

Separately, Zacks Investment Research lowered Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, November 29th.

In related news, CFO Michael Sodo purchased 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were acquired at an average price of $16.57 per share, with a total value of $29,826.00. Following the purchase, the chief financial officer now directly owns 1,800 shares in the company, valued at $29,826. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.36% of the stock is owned by corporate insiders.

Gladstone Commercial Corporation Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing office and industrial properties, and making long-term industrial and commercial mortgage loans. The Company’s portfolio of real estate is leased to a section of tenants ranging from small businesses to large public companies.

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