Exchange Traded Concepts LLC Trims Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Exchange Traded Concepts LLC lessened its position in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 33.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 92,621 shares of the real estate investment trust’s stock after selling 45,967 shares during the period. Exchange Traded Concepts LLC’s holdings in Gladstone Commercial were worth $1,504,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GOOD. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Gladstone Commercial by 68.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 2,885 shares in the last quarter. Atomi Financial Group Inc. increased its stake in Gladstone Commercial by 8.0% in the 4th quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust’s stock worth $199,000 after acquiring an additional 908 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Gladstone Commercial by 21.8% in the 2nd quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock valued at $176,000 after acquiring an additional 2,210 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Gladstone Commercial in the third quarter worth approximately $226,000. Finally, Ballentine Partners LLC raised its stake in Gladstone Commercial by 11.4% in the third quarter. Ballentine Partners LLC now owns 15,838 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 1,624 shares in the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. B. Riley reaffirmed a “neutral” rating and issued a $15.00 price objective (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. Finally, Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

Gladstone Commercial Stock Performance

Shares of GOOD stock opened at $16.42 on Tuesday. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. Gladstone Commercial Co. has a fifty-two week low of $11.89 and a fifty-two week high of $17.88. The stock has a 50 day moving average price of $16.56 and a two-hundred day moving average price of $15.91. The company has a market capitalization of $721.15 million, a P/E ratio of 82.10, a PEG ratio of 1.86 and a beta of 1.25.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 27th will be given a $0.10 dividend. This represents a dividend yield of 7.48%. The ex-dividend date is Friday, January 24th. 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.