Jane Street Group LLC Sells 25,993 Shares of Gladstone Commercial Co. (NASDAQ:GOOD)

Jane Street Group LLC lessened its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 56.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,328 shares of the real estate investment trust’s stock after selling 25,993 shares during the period. Jane Street Group LLC’s holdings in Gladstone Commercial were worth $330,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in shares of Gladstone Commercial during the third quarter worth approximately $2,306,000. Charles Schwab Investment Management Inc. grew its position in Gladstone Commercial by 36.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock worth $7,168,000 after acquiring an additional 117,988 shares during the last quarter. Martingale Asset Management L P acquired a new stake in Gladstone Commercial during the 3rd quarter valued at $947,000. Quest Partners LLC bought a new position in Gladstone Commercial in the 3rd quarter valued at $612,000. Finally, State Street Corp raised its position in Gladstone Commercial by 3.6% in the 3rd quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock valued at $17,074,000 after purchasing an additional 36,616 shares during the last quarter. Institutional investors own 45.51% of the company’s stock.

Wall Street Analyst Weigh In

GOOD has been the subject of a number of research reports. Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th. StockNews.com downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, B. Riley reiterated a “neutral” rating and set a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th.

Gladstone Commercial Trading Up 0.1 %

GOOD stock opened at $16.03 on Friday. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10. Gladstone Commercial Co. has a twelve month low of $11.89 and a twelve month high of $17.88. The company has a market cap of $704.02 million, a P/E ratio of 80.15, a PEG ratio of 1.96 and a beta of 1.25. The business has a fifty day moving average of $16.71 and a 200-day moving average of $15.74.

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.