Gladstone Commercial Corporation (GOOD) Receives Average Recommendation of “Hold” from Brokerages

Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) have been given an average rating of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $22.50.

Several research firms recently weighed in on GOOD. BidaskClub upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Canaccord Genuity dropped their target price on shares of Gladstone Commercial from $22.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, August 2nd. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Gladstone Commercial in a report on Thursday, August 17th. ValuEngine downgraded shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Finally, Zacks Investment Research upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th.

Shares of Gladstone Commercial (NASDAQ GOOD) opened at $22.81 on Monday. Gladstone Commercial has a 1-year low of $18.02 and a 1-year high of $23.35. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $631.97, a P/E ratio of 15.11, a P/E/G ratio of 2.49 and a beta of 0.86.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.50 annualized dividend and a dividend yield of 6.58%. Gladstone Commercial’s dividend payout ratio (DPR) is -5,000.00%.

Large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its stake in shares of Gladstone Commercial by 26.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 55,400 shares of the real estate investment trust’s stock worth $1,146,000 after acquiring an additional 11,500 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gladstone Commercial by 3.4% in the second quarter. JPMorgan Chase & Co. now owns 153,600 shares of the real estate investment trust’s stock worth $3,346,000 after acquiring an additional 5,075 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Gladstone Commercial by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,910,745 shares of the real estate investment trust’s stock worth $63,425,000 after acquiring an additional 81,609 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Gladstone Commercial by 1.0% in the first quarter. California Public Employees Retirement System now owns 31,500 shares of the real estate investment trust’s stock worth $651,000 after acquiring an additional 300 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Gladstone Commercial by 56.4% in the second quarter. Goldman Sachs Group Inc. now owns 21,094 shares of the real estate investment trust’s stock worth $460,000 after acquiring an additional 7,606 shares in the last quarter. Institutional investors and hedge funds own 50.97% of the company’s stock.

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Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.

Analyst Recommendations for Gladstone Commercial (NASDAQ:GOOD)

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