Gladstone Commercial Corporation (NASDAQ:GOOD) – Stock analysts at DA Davidson reduced their FY2018 EPS estimates for Gladstone Commercial Corporation in a research note issued to investors on Wednesday. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will post earnings of $1.61 per share for the year, down from their prior estimate of $1.62. DA Davidson has a “Buy” rating and a $24.00 price target on the stock. DA Davidson also issued estimates for Gladstone Commercial Corporation’s Q1 2019 earnings at $0.42 EPS, Q2 2019 earnings at $0.43 EPS and Q3 2019 earnings at $0.44 EPS.

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GOOD has been the topic of several other research reports. Zacks Investment Research raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial Corporation in a research note on Thursday, August 17th. BidaskClub raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Canaccord Genuity cut their price target on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Gladstone Commercial Corporation currently has an average rating of “Hold” and an average target price of $23.33.

Shares of Gladstone Commercial Corporation (NASDAQ GOOD) traded up $0.88 on Thursday, hitting $22.54. 146,480 shares of the company traded hands, compared to its average volume of 121,008. The firm has a market capitalization of $624.49, a PE ratio of 14.93 and a beta of 0.86.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend is Friday, November 17th. Gladstone Commercial Corporation’s dividend payout ratio is currently -5,000.00%.

A number of large investors have recently bought and sold shares of GOOD. Creative Planning raised its stake in Gladstone Commercial Corporation by 11.7% during the second quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 517 shares during the period. BNP Paribas Arbitrage SA raised its stake in Gladstone Commercial Corporation by 99.6% during the second quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 2,511 shares during the period. Nisa Investment Advisors LLC raised its stake in Gladstone Commercial Corporation by 4.5% during the second quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 350 shares during the period. Bank of America Corp DE raised its stake in Gladstone Commercial Corporation by 44.0% during the first quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 3,918 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Gladstone Commercial Corporation by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 910 shares during the period. 49.11% of the stock is currently owned by institutional investors.

Gladstone Commercial Corporation 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.

Earnings History and Estimates for Gladstone Commercial Corporation (NASDAQ:GOOD)

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