Media headlines about Gladstone Commercial (NASDAQ:GOOD) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gladstone Commercial earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.7344063618638 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several brokerages have issued reports on GOOD. ValuEngine downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 5th. Zacks Investment Research raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. BidaskClub downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. TheStreet downgraded shares of Gladstone Commercial from a “c” rating to a “d+” rating in a research report on Tuesday, March 27th. Finally, B. Riley reissued a “neutral” rating and set a $19.00 price objective on shares of Gladstone Commercial in a research report on Monday, March 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.50.
Gladstone Commercial stock traded up $0.20 during midday trading on Tuesday, hitting $19.18. 158,686 shares of the company’s stock were exchanged, compared to its average volume of 146,920. Gladstone Commercial has a 12-month low of $16.78 and a 12-month high of $23.29. The company has a market capitalization of $541.49 million, a P/E ratio of 12.62, a PEG ratio of 1.99 and a beta of 0.80. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.99 and a current ratio of 0.99.
Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.34). Gladstone Commercial had a return on equity of 2.40% and a net margin of 6.26%. The firm had revenue of $26.35 million during the quarter, compared to analyst estimates of $25.57 million. equities analysts expect that Gladstone Commercial will post 1.59 earnings per share for the current year.
The company also recently announced a monthly dividend, which will be paid on Friday, June 29th. Stockholders of record on Wednesday, June 20th will be paid a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 7.82%. The ex-dividend date of this dividend is Tuesday, June 19th. Gladstone Commercial’s dividend payout ratio (DPR) is presently 98.68%.
In other news, CFO Michael Sodo bought 2,000 shares of Gladstone Commercial stock in a transaction dated Friday, May 4th. The stock was bought at an average price of $18.00 per share, for a total transaction of $36,000.00. Following the purchase, the chief financial officer now owns 5,000 shares of the company’s stock, valued at $90,000. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 4,571 shares of company stock valued at $82,732 in the last 90 days. Company insiders own 1.98% of the company’s stock.
Gladstone Commercial Company Profile
Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2018, Gladstone Commercial has paid 156 consecutive monthly cash distributions on its common stock.
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