Gladstone Commercial Co. (NASDAQ:GOOD) has earned an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $20.50.
GOOD has been the subject of a number of analyst reports. Boenning Scattergood set a $21.00 target price on shares of Gladstone Commercial and gave the company a “buy” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, January 26th. ValuEngine upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. BidaskClub upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, Wedbush upgraded shares of Gladstone Commercial from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 7th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC acquired a new stake in shares of Gladstone Commercial during the fourth quarter valued at approximately $51,000. SG Americas Securities LLC acquired a new stake in shares of Gladstone Commercial during the second quarter valued at approximately $124,000. Advisory Services Network LLC raised its holdings in shares of Gladstone Commercial by 380.4% during the third quarter. Advisory Services Network LLC now owns 6,946 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 5,500 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Gladstone Commercial during the third quarter valued at approximately $171,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Gladstone Commercial during the fourth quarter valued at approximately $239,000. Institutional investors and hedge funds own 54.09% of the company’s stock.
Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.86 million. Gladstone Commercial had a net margin of 7.96% and a return on equity of 3.26%. Research analysts expect that Gladstone Commercial will post 1.6 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 20th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 19th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.57%. Gladstone Commercial’s payout ratio is currently 98.68%.
About Gladstone Commercial
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 October 2018, Gladstone Commercial has paid 165 consecutive monthly cash distributions on its common stock.
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