Gladstone Commercial (NASDAQ:GOOD) Upgraded at BidaskClub

BidaskClub upgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a hold rating to a buy rating in a research report sent to investors on Wednesday, BidAskClub reports.

GOOD has been the subject of a number of other reports. Zacks Investment Research cut shares of Gladstone Commercial from a buy rating to a hold rating in a research report on Friday, August 2nd. ValuEngine cut shares of Gladstone Commercial from a buy rating to a hold rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $22.50.

Shares of GOOD opened at $23.00 on Wednesday. Gladstone Commercial has a 1-year low of $16.89 and a 1-year high of $23.65. The stock has a market cap of $714.64 million, a PE ratio of 14.47, a P/E/G ratio of 2.92 and a beta of 0.80. The firm has a 50-day simple moving average of $22.41 and a two-hundred day simple moving average of $21.47. The company has a debt-to-equity ratio of 2.18, a current ratio of 10.81 and a quick ratio of 10.81.



Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.42). Gladstone Commercial had a net margin of 10.97% and a return on equity of 4.72%. The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $28.55 million. As a group, sell-side analysts expect that Gladstone Commercial will post 1.58 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend is Monday, September 16th. Gladstone Commercial’s dividend payout ratio is presently 94.34%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. increased its position in shares of Gladstone Commercial by 47.8% during the second quarter. Meeder Asset Management Inc. now owns 1,824 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 590 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Gladstone Commercial by 6.9% in the second quarter. Nisa Investment Advisors LLC now owns 14,251 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 926 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Gladstone Commercial by 4.2% in the second quarter. Wedbush Securities Inc. now owns 23,756 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 950 shares in the last quarter. NEXT Financial Group Inc acquired a new position in shares of Gladstone Commercial in the second quarter valued at approximately $25,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Gladstone Commercial by 31.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,148 shares of the real estate investment trust’s stock valued at $130,000 after purchasing an additional 1,469 shares in the last quarter. Institutional investors and hedge funds own 56.76% of the company’s stock.

Gladstone Commercial Company Profile

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 April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

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