Quest Partners LLC Takes $612,000 Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Quest Partners LLC acquired a new stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 37,676 shares of the real estate investment trust's stock, valued at approximately $612,000. Quest Partners LLC owned 0.09% of Gladstone Commercial at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Gladstone Commercial by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust's stock worth $55,999,000 after buying an additional 53,802 shares during the period. Los Angeles Capital Management LLC bought a new position in Gladstone Commercial in the 3rd quarter worth $2,306,000. Renaissance Technologies LLC boosted its holdings 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 worth $20,122,000 after buying an additional 34,400 shares during the period. International Assets Investment Management LLC boosted its holdings in Gladstone Commercial by 1,524.0% in the 3rd 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 period. Finally, Cetera Advisors LLC boosted its holdings in Gladstone Commercial by 14.8% in the 1st quarter. Cetera Advisors LLC now owns 18,298 shares of the real estate investment trust's stock worth $253,000 after buying an additional 2,353 shares during the period. Institutional investors own 45.51% of the company's stock.

Gladstone Commercial Price Performance

GOOD stock traded up $0.06 during mid-day trading on Friday, hitting $17.09. The company had a trading volume of 274,024 shares, compared to its average volume of 253,259. The company has a market capitalization of $750.59 million, a price-to-earnings ratio of 85.45, a P/E/G ratio of 2.01 and a beta of 1.21. Gladstone Commercial Co. has a 12-month low of $11.89 and a 12-month high of $17.53. 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 50-day moving average price of $16.35 and a 200 day moving average price of $15.20.

Gladstone Commercial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.02%. The ex-dividend date is Friday, December 20th. Gladstone Commercial's dividend payout ratio is 600.00%.

Analyst Ratings Changes

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

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.