BidaskClub upgraded shares of Gladstone Commercial Co. (NASDAQ:GOOD) from a sell rating to a hold rating in a research note published on Thursday morning.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity lowered their price target on shares of Gladstone Commercial from $22.00 to $21.00 and set a hold rating on the stock in a report on Wednesday. Hilliard Lyons lowered shares of Gladstone Commercial from a buy rating to a neutral rating in a report on Wednesday, May 3rd. Zacks Investment Research lowered shares of Gladstone Commercial from a hold rating to a sell rating in a report on Wednesday. Finally, DA Davidson assumed coverage on shares of Gladstone Commercial in a report on Tuesday, July 25th. They issued a buy rating and a $24.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $22.67.

Gladstone Commercial (GOOD) traded up 0.29% during trading on Thursday, hitting $20.67. The stock had a trading volume of 154,129 shares. Gladstone Commercial has a 52-week low of $16.02 and a 52-week high of $23.35. The stock’s market capitalization is $571.36 million.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. Gladstone Commercial had a net margin of 2.89% and a negative return on equity of 3.43%. The company had revenue of $22.31 million for the quarter. On average, equities analysts anticipate that Gladstone Commercial will post $0.10 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Gladstone Commercial Co. (NASDAQ:GOOD) Upgraded by BidaskClub to “Hold”” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.dailypolitical.com/2017/08/05/gladstone-commercial-co-nasdaqgood-upgraded-by-bidaskclub-to-hold.html.

The company also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.26%. The ex-dividend date of this dividend is Tuesday, September 19th. Gladstone Commercial’s payout ratio is currently -1,250.00%.

Several large investors have recently bought and sold shares of the company. Creative Planning raised its stake in Gladstone Commercial by 11.7% in the second quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 517 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Gladstone Commercial by 99.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 2,511 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Gladstone Commercial by 4.5% in the second quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 350 shares during the last quarter. Bank of America Corp DE raised its stake in Gladstone Commercial by 44.0% in the first quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 3,918 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Gladstone Commercial by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 910 shares during the last quarter. 48.77% of the stock is currently owned by institutional investors and hedge funds.

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.

Receive News & Ratings for Gladstone Commercial Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial Co. and related companies with MarketBeat.com's FREE daily email newsletter.