B. Riley Wealth Advisors Inc. Sells 4,757 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

B. Riley Wealth Advisors Inc. trimmed its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,110 shares of the real estate investment trust’s stock after selling 4,757 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.31% of Gladstone Commercial worth $2,174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Gladstone Commercial in the second quarter valued at $33,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Gladstone Commercial by 68.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 2,885 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Gladstone Commercial in the 2nd quarter valued at approximately $127,000. Atomi Financial Group Inc. purchased a new stake in shares of Gladstone Commercial in the 2nd quarter valued at approximately $158,000. Finally, American Century Companies Inc. boosted 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 buying an additional 2,210 shares in the last quarter. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Gladstone Commercial from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. B. Riley restated a “neutral” rating and set a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. Finally, Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th.

Gladstone Commercial Trading Down 0.5 %

Shares of GOOD stock opened at $16.85 on Monday. Gladstone Commercial Co. has a 12 month low of $11.89 and a 12 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 business’s 50 day moving average is $16.70 and its two-hundred day moving average is $15.50. The company has a market cap of $740.04 million, a PE ratio of 84.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24.

Gladstone Commercial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.10 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.20 annualized dividend and a yield of 7.12%. Gladstone Commercial’s dividend payout ratio (DPR) is currently 600.00%.

About Gladstone Commercial

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.