Gladstone Commercial (GOOD) Given Hold Rating at Ladenburg Thalmann Financial Services

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.

WARNING: This article was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/05/gladstone-commercial-good-given-hold-rating-at-ladenburg-thalmann-financial-services.html.

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.

Analyst Recommendations for Gladstone Commercial (NASDAQ:GOOD)

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

Leave a Reply