BlackRock Amends Gladstone Commercial Stake (Amendment No. 10)
Ticker: GOODO · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1234006
| Field | Detail |
|---|---|
| Company | Gladstone Commercial Corp (GOODO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate, passive-investing
TL;DR
**BlackRock still owns a big chunk of GLAD, showing continued institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Gladstone Commercial Corporation's common stock as of December 31, 2023. This filing, Amendment No. 10, shows BlackRock continues to be a significant institutional holder, which can provide stability and confidence to other investors. For current or prospective shareholders, BlackRock's continued large stake suggests a long-term institutional belief in Gladstone Commercial's value, potentially influencing stock perception and liquidity.
Why It Matters
BlackRock's continued significant ownership in Gladstone Commercial Corporation signals institutional confidence, which can positively influence investor sentiment and the stock's perceived stability.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks.
Analyst Insight
Investors should note BlackRock's continued, stable institutional ownership as a potential indicator of long-term value, but should also conduct their own due diligence on Gladstone Commercial's fundamentals.
Key Numbers
- 376536108 — CUSIP Number (Unique identifier for Gladstone Commercial Corporation's Common Stock)
- 10 — Amendment Number (Indicates this is the tenth amendment to BlackRock's Schedule 13G filing for Gladstone Commercial Corporation)
Key Players & Entities
- BlackRock, Inc. (company) — reporting person and institutional investor
- GLADSTONE COMMERCIAL CORPORATION (company) — issuer of the common stock
- December 31, 2023 (date) — date of the event requiring the filing
- January 25, 2024 (date) — filing date of the SC 13G/A
- Amendment No: 10 (number) — identifies this as the tenth amendment to BlackRock's Schedule 13G filing for Gladstone Commercial
Forward-Looking Statements
- BlackRock will maintain a significant stake in Gladstone Commercial Corporation for the foreseeable future. (BlackRock, Inc.) — high confidence, target: December 31, 2024
- Gladstone Commercial Corporation's stock will likely experience continued institutional interest due to BlackRock's ongoing position. (GLADSTONE COMMERCIAL CORPORATION) — medium confidence, target: June 30, 2024
FAQ
What is the purpose of this specific SC 13G/A filing?
This SC 13G/A filing, Amendment No. 10, is an update from BlackRock, Inc. to disclose its ownership of Gladstone Commercial Corporation's common stock as of December 31, 2023, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person in this filing is BlackRock, Inc., a major institutional investment manager based at 50 Hudson Yards, New York, NY.
What is the subject company whose securities are being reported?
The subject company is GLADSTONE COMMERCIAL CORPORATION, which issues the Common Stock identified by CUSIP Number 376536108.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, indicating the ownership position being reported is as of the end of last year.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box on the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding GLADSTONE COMMERCIAL CORP (GOODO).