Gladstone Commercial (GOOD) Downgraded to “Hold” at ValuEngine

ValuEngine downgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a buy rating to a hold rating in a research note published on Thursday morning.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Gladstone Commercial from a hold rating to a sell rating in a research report on Thursday, November 2nd. Ladenburg Thalmann Financial Services reissued a hold rating on shares of Gladstone Commercial in a research report on Friday, December 1st. BidaskClub lowered Gladstone Commercial from a hold rating to a sell rating in a research report on Tuesday, December 5th. Finally, B. Riley started coverage on Gladstone Commercial in a research report on Thursday, February 8th. They set a neutral rating and a $19.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $21.50.

Gladstone Commercial (NASDAQ:GOOD) opened at $17.65 on Thursday. The firm has a market capitalization of $501.61, a PE ratio of 11.69, a PEG ratio of 1.82 and a beta of 0.74. Gladstone Commercial has a 52 week low of $17.05 and a 52 week high of $23.35. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.96.

The business also recently declared a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 22nd were given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 8.50%. The ex-dividend date was Friday, January 19th. Gladstone Commercial’s dividend payout ratio (DPR) is presently -882.30%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Gladstone Commercial by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,910,745 shares of the real estate investment trust’s stock worth $63,425,000 after acquiring an additional 81,609 shares in the last quarter. Renaissance Technologies LLC lifted its position in Gladstone Commercial by 6.1% during the 4th quarter. Renaissance Technologies LLC now owns 2,428,399 shares of the real estate investment trust’s stock worth $51,142,000 after acquiring an additional 139,729 shares in the last quarter. BlackRock Inc. lifted its position in Gladstone Commercial by 2.7% during the 4th quarter. BlackRock Inc. now owns 2,183,087 shares of the real estate investment trust’s stock worth $45,975,000 after acquiring an additional 57,563 shares in the last quarter. State Street Corp increased its holdings in Gladstone Commercial by 14.4% during the 2nd quarter. State Street Corp now owns 539,308 shares of the real estate investment trust’s stock worth $11,754,000 after purchasing an additional 67,863 shares during the last quarter. Finally, Fiduciary Financial Services of The Southwest Inc. TX increased its holdings in Gladstone Commercial by 1.4% during the 4th quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 413,664 shares of the real estate investment trust’s stock worth $8,712,000 after purchasing an additional 5,763 shares during the last quarter. 53.67% of the stock is currently owned by hedge funds and other institutional investors.

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Gladstone Commercial Company Profile

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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Analyst Recommendations for Gladstone Commercial (NASDAQ:GOOD)

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