Zacks Investment Research downgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
According to Zacks, “Gladstone Commercial Corporation is a publicly traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Its goal is to pay our shareholders dividends on a monthly basis. Its objective is to increase the amount of dividends paid out each year. “
Other equities analysts also recently issued research reports about the company. BidaskClub downgraded Gladstone Commercial from a sell rating to a strong sell rating in a research report on Tuesday, December 12th. ValuEngine downgraded Gladstone Commercial from a strong-buy rating to a buy rating in a research report on Monday, November 20th. Finally, Ladenburg Thalmann Financial Services reissued a hold rating on shares of Gladstone Commercial in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Gladstone Commercial has an average rating of Hold and an average target price of $22.33.
Shares of Gladstone Commercial (NASDAQ GOOD) opened at $19.82 on Tuesday. Gladstone Commercial has a twelve month low of $19.07 and a twelve month high of $23.35. The stock has a market capitalization of $547.19, a PE ratio of 13.08, a P/E/G ratio of 2.10 and a beta of 0.87. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78.
Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.39). Gladstone Commercial had a return on equity of 3.96% and a net margin of 10.59%. analysts expect that Gladstone Commercial will post 1.52 EPS for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, January 22nd will be given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date of this dividend is Friday, January 19th. Gladstone Commercial’s dividend payout ratio (DPR) is presently -5,000.00%.
A number of hedge funds and other institutional investors have recently made changes to their positions in GOOD. Rhumbline Advisers increased its position in Gladstone Commercial by 4.3% during the second quarter. Rhumbline Advisers now owns 32,879 shares of the real estate investment trust’s stock worth $716,000 after buying an additional 1,365 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in 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 worth $110,000 after buying an additional 2,511 shares during the last quarter. Swiss National Bank increased its position in Gladstone Commercial by 10.3% during the second quarter. Swiss National Bank now owns 42,700 shares of the real estate investment trust’s stock worth $930,000 after buying an additional 4,000 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Gladstone Commercial by 3.4% in the second quarter. JPMorgan Chase & Co. now owns 153,600 shares of the real estate investment trust’s stock valued at $3,346,000 after purchasing an additional 5,075 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Gladstone Commercial by 0.9% in the second quarter. Wells Fargo & Company MN now owns 242,927 shares of the real estate investment trust’s stock valued at $5,293,000 after purchasing an additional 2,237 shares during the last quarter. 52.78% of the stock is currently owned by hedge funds and other institutional investors.
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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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