BNP Paribas Financial Markets Sells 3,041 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

BNP Paribas Financial Markets reduced its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 26.4% during the 3rd quarter, Holdings Channel reports. The fund owned 8,488 shares of the real estate investment trust’s stock after selling 3,041 shares during the quarter. BNP Paribas Financial Markets’ holdings in Gladstone Commercial were worth $138,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GOOD. Charles Schwab Investment Management Inc. grew its stake in shares of Gladstone Commercial by 36.5% during 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 purchasing an additional 117,988 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Gladstone Commercial during the 3rd quarter worth $2,306,000. Renaissance Technologies LLC boosted 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 buying an additional 34,400 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Gladstone Commercial in the 3rd quarter valued at $612,000. Finally, International Assets Investment Management LLC raised its position 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 acquiring an additional 35,326 shares during the last quarter. 45.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Gladstone Commercial Stock Performance

GOOD stock opened at $16.67 on Wednesday. Gladstone Commercial Co. has a twelve month low of $11.89 and a twelve month high of $17.88. 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 company has a market cap of $732.13 million, a P/E ratio of 83.35, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. The business’s fifty day moving average is $16.73 and its 200-day moving average is $15.53.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 7.20%. The ex-dividend date 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.