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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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