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

Quantbot Technologies LP trimmed its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 40.3% in the third quarter, Holdings Channel.com reports. 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 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ballentine Partners LLC raised its holdings in Gladstone Commercial by 5.3% during the second quarter. Ballentine Partners LLC now owns 14,214 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 714 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Gladstone Commercial by 4.8% in the second quarter. Daiwa Securities Group Inc. now owns 19,087 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 867 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Gladstone Commercial by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 159,547 shares of the real estate investment trust’s stock worth $2,277,000 after buying an additional 1,327 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Gladstone Commercial by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,618 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 1,609 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Gladstone Commercial by 12.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,039 shares of the real estate investment trust’s stock valued at $229,000 after acquiring an additional 1,795 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Monday, December 2nd. B. Riley restated a “neutral” rating and set a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Finally, Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

Gladstone Commercial Stock Performance

NASDAQ:GOOD opened at $16.92 on Friday. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54. The firm has a market cap of $743.11 million, a PE ratio of 84.60, a P/E/G ratio of 2.03 and a beta of 1.24. The firm has a 50 day simple moving average of $16.63 and a 200-day simple moving average of $15.40. Gladstone Commercial Co. has a 1-year low of $11.89 and a 1-year high of $17.88.

Gladstone Commercial Announces Dividend

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

Gladstone Commercial Company 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.