Gladstone Commercial Co. (NASDAQ:GOOD) Upgraded by BidaskClub to “Hold”
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.
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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.
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