Gladstone Commercial (GOOD) Upgraded at ValuEngine

ValuEngine upgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a sell rating to a hold rating in a report released on Tuesday morning.

Other research analysts have also recently issued research reports about the company. BidaskClub cut Gladstone Commercial from a hold rating to a sell rating in a research report on Saturday, September 1st. B. Riley lifted their target price on Gladstone Commercial from $19.00 to $20.00 and gave the company a neutral rating in a research report on Wednesday, August 1st. Wedbush began coverage on Gladstone Commercial in a research report on Thursday, July 26th. They set an outperform rating and a $21.50 target price on the stock. Zacks Investment Research raised Gladstone Commercial from a hold rating to a buy rating and set a $22.00 target price on the stock in a research report on Wednesday, July 4th. Finally, Boenning Scattergood set a $21.00 target price on Gladstone Commercial and gave the company a buy rating in a research report on Tuesday, July 31st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $21.13.

Gladstone Commercial stock traded down $0.38 during mid-day trading on Tuesday, reaching $18.32. The stock had a trading volume of 3,714 shares, compared to its average volume of 122,582. The company has a debt-to-equity ratio of 2.16, a quick ratio of 6.93 and a current ratio of 6.93. Gladstone Commercial has a fifty-two week low of $16.78 and a fifty-two week high of $23.29. The stock has a market capitalization of $527.13 million, a PE ratio of 12.14, a price-to-earnings-growth ratio of 1.92 and a beta of 0.80.



Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Monday, July 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.41). The firm had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.49 million. Gladstone Commercial had a net margin of 7.85% and a return on equity of 3.08%. Research analysts forecast that Gladstone Commercial will post 1.59 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 19th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $1.50 annualized dividend and a dividend yield of 8.19%. Gladstone Commercial’s payout ratio is 98.68%.

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in Gladstone Commercial by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 397,402 shares of the real estate investment trust’s stock worth $7,638,000 after purchasing an additional 3,502 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Gladstone Commercial by 83.3% in the second quarter. Great West Life Assurance Co. Can now owns 7,817 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 3,553 shares during the last quarter. New York State Common Retirement Fund boosted its position in Gladstone Commercial by 14.4% in the first quarter. New York State Common Retirement Fund now owns 30,900 shares of the real estate investment trust’s stock worth $536,000 after purchasing an additional 3,900 shares during the last quarter. California Public Employees Retirement System boosted its position in Gladstone Commercial by 25.6% in the second quarter. California Public Employees Retirement System now owns 23,353 shares of the real estate investment trust’s stock worth $449,000 after purchasing an additional 4,753 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Gladstone Commercial by 2.3% in the first quarter. Wells Fargo & Company MN now owns 270,410 shares of the real estate investment trust’s stock worth $4,689,000 after purchasing an additional 6,012 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

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 July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.

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Analyst Recommendations for Gladstone Commercial (NASDAQ:GOOD)

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