BidaskClub Lowers Gladstone Commercial (GOOD) to Sell

BidaskClub lowered shares of Gladstone Commercial (NASDAQ:GOOD) from a hold rating to a sell rating in a research report report published on Tuesday.

Several other equities research analysts also recently commented on the stock. Wedbush raised shares of Gladstone Commercial from a neutral rating to an outperform rating in a research report on Wednesday, November 7th. Boenning Scattergood set a $21.00 target price on shares of Gladstone Commercial and gave the stock a buy rating in a research report on Wednesday, October 31st. ValuEngine downgraded shares of Gladstone Commercial from a hold rating to a sell rating in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Gladstone Commercial from a buy rating to a hold rating in a research report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $21.13.

NASDAQ:GOOD opened at $19.25 on Tuesday. The company has a quick ratio of 13.78, a current ratio of 13.78 and a debt-to-equity ratio of 2.19. The stock has a market cap of $549.89 million, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.98 and a beta of 0.73. Gladstone Commercial has a one year low of $16.78 and a one year high of $22.19.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $26.59 million during the quarter, compared to the consensus estimate of $26.86 million. Gladstone Commercial had a net margin of 7.96% and a return on equity of 3.26%. On average, equities analysts predict that Gladstone Commercial will post 1.6 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 31st. Shareholders of record on Thursday, December 20th will be given a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date of this dividend is Wednesday, December 19th. Gladstone Commercial’s payout ratio is 98.68%.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Gladstone Commercial in the 2nd quarter worth about $124,000. Advisory Services Network LLC grew its position in Gladstone Commercial by 380.4% in the 3rd quarter. Advisory Services Network LLC now owns 6,946 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 5,500 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Gladstone Commercial by 83.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 7,817 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 3,553 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Gladstone Commercial in the 3rd quarter worth about $171,000. Finally, Public Employees Retirement Association of Colorado bought a new stake in Gladstone Commercial in the 3rd quarter worth about $264,000. 54.07% of the stock is owned by institutional investors and hedge funds.

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 July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.

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