Quantbot Technologies LP Reduces Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

Quantbot Technologies LP cut its stake in Gladstone Commercial Co. (NASDAQ:GOOD) by 40.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,819 shares of the real estate investment trust’s stock after selling 2,577 shares during the period. Quantbot Technologies LP’s holdings in Gladstone Commercial were worth $62,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GOOD. Los Angeles Capital Management LLC purchased a new stake in Gladstone Commercial in the 3rd quarter valued at $2,306,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Gladstone Commercial by 36.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock valued at $7,168,000 after buying an additional 117,988 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Gladstone Commercial during the third quarter worth about $612,000. International Assets Investment Management LLC grew its holdings in shares of Gladstone Commercial by 1,524.0% during the third quarter. International Assets Investment Management LLC now owns 37,644 shares of the real estate investment trust’s stock worth $611,000 after buying an additional 35,326 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Gladstone Commercial by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock valued at $20,122,000 after acquiring an additional 34,400 shares during the period. Institutional investors and hedge funds own 45.51% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOD has been the topic of several analyst reports. StockNews.com downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Monday, December 2nd. Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th. Finally, B. Riley reissued a “neutral” rating and issued a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th.

Gladstone Commercial Stock Performance

NASDAQ GOOD opened at $16.92 on Friday. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. The business’s 50 day moving average is $16.63 and its two-hundred day moving average is $15.40. The stock has a market capitalization of $743.11 million, a price-to-earnings ratio of 84.60, a PEG ratio of 2.03 and a beta of 1.24. Gladstone Commercial Co. has a 12-month low of $11.89 and a 12-month high of $17.88.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial’s payout ratio is 600.00%.

Gladstone Commercial Profile

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.