Ladenburg Thalmann Financial Services restated their hold rating on shares of Gladstone Commercial (NASDAQ:GOOD) in a report released on Friday morning.
Several other research firms have also weighed in on GOOD. Zacks Investment Research lowered shares of Gladstone Commercial from a buy rating to a hold rating in a report on Tuesday, October 17th. ValuEngine lowered shares of Gladstone Commercial from a strong-buy rating to a buy rating in a report on Monday, November 20th. Janney Montgomery Scott assumed coverage on shares of Gladstone Commercial in a report on Friday, September 8th. They set a buy rating for the company. Finally, BidaskClub raised shares of Gladstone Commercial from a sell rating to a hold rating in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $23.33.
Shares of Gladstone Commercial (NASDAQ:GOOD) opened at $22.27 on Friday. The firm has a market cap of $631.14, a P/E ratio of 15.09, a PEG ratio of 2.49 and a beta of 0.86. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.68 and a current ratio of 0.68. Gladstone Commercial has a fifty-two week low of $18.50 and a fifty-two week high of $23.35.
The company also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were issued a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.74%. The ex-dividend date of this dividend was Friday, November 17th. Gladstone Commercial’s payout ratio is -5,000.00%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Gladstone Commercial by 11.7% during the second quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 517 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Gladstone Commercial by 99.6% during the second quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 2,511 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Gladstone Commercial by 4.5% during the second quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 350 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Gladstone Commercial by 44.0% during the first quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 3,918 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Gladstone Commercial by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 910 shares during the last quarter. 52.79% of the stock is currently owned by institutional investors and hedge funds.
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About Gladstone Commercial
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.
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