Gladstone Commercial (GOOD) Rating Increased to Long at Hilliard Lyons

Hilliard Lyons upgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a neutral rating to a long rating in a research report report published on Friday morning, MarketBeat.com reports.

Several other brokerages have also issued reports on GOOD. Ladenburg Thalmann Financial Services reaffirmed a hold rating on shares of Gladstone Commercial in a research note on Friday, December 1st. B. Riley assumed coverage on shares of Gladstone Commercial in a research note on Thursday, February 8th. They issued a neutral rating and a $19.00 target price on the stock. Zacks Investment Research raised shares of Gladstone Commercial from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Friday, January 12th. BidaskClub lowered shares of Gladstone Commercial from a hold rating to a sell rating in a research note on Tuesday, December 5th. Finally, ValuEngine lowered shares of Gladstone Commercial from a buy rating to a hold rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Gladstone Commercial presently has a consensus rating of Hold and an average target price of $21.50.

Gladstone Commercial (NASDAQ:GOOD) opened at $17.65 on Friday. The stock has a market cap of $501.61, a PE ratio of 11.69, a PEG ratio of 1.82 and a beta of 0.74. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.43 and a quick ratio of 1.43. Gladstone Commercial has a one year low of $17.05 and a one year high of $23.35.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 22nd were paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 8.50%. The ex-dividend date of this dividend was Friday, January 19th. Gladstone Commercial’s payout ratio is -882.30%.

Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its stake in Gladstone Commercial by 55.9% during the 3rd quarter. Prudential Financial Inc. now owns 21,012 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 7,530 shares during the last quarter. Citadel Advisors LLC boosted its stake in Gladstone Commercial by 80.3% during the 3rd quarter. Citadel Advisors LLC now owns 115,221 shares of the real estate investment trust’s stock worth $2,566,000 after acquiring an additional 51,328 shares during the last quarter. Allianz Asset Management GmbH bought a new position in Gladstone Commercial during the 3rd quarter worth approximately $1,722,000. Vanguard Group Inc. boosted its stake in Gladstone Commercial by 2.9% during the 2nd 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 during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Gladstone Commercial by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 243,509 shares of the real estate investment trust’s stock worth $5,423,000 after acquiring an additional 5,333 shares during the last quarter. 53.67% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Gladstone Commercial (GOOD) Rating Increased to Long at Hilliard Lyons” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://stocknewstimes.com/2018/02/19/gladstone-commercial-good-rating-increased-to-long-at-hilliard-lyons.html.

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)

Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply