Gladstone Commercial Corp. (NASDAQ:GOOD) has earned an average broker rating score of 2.50 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company. Gladstone Commercial Corp.’s rating score has declined by 25% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokerages have set a 1-year consensus price target of $23.50 for the company, according to Zacks. Zacks has also assigned Gladstone Commercial Corp. an industry rank of 155 out of 265 based on the ratings given to its competitors.

GOOD has been the subject of several research analyst reports. Zacks Investment Research downgraded Gladstone Commercial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. TheStreet upgraded Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 8th.

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Gladstone Commercial Corp. (NASDAQ:GOOD) traded down 0.44% during trading on Wednesday, hitting $18.02. The company had a trading volume of 18,730 shares. The firm has a 50-day moving average of $17.98 and a 200 day moving average of $17.13. The company’s market capitalization is $406.95 million. Gladstone Commercial Corp. has a 12-month low of $12.00 and a 12-month high of $18.76.

Gladstone Commercial Corp. (NASDAQ:GOOD) last posted its earnings results on Monday, July 25th. The real estate investment trust reported $0.38 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. Gladstone Commercial Corp. had a return on equity of 1.83% and a net margin of 4.89%. On average, equities research analysts forecast that Gladstone Commercial Corp. will post $1.55 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd were given a $0.125 dividend. The ex-dividend date was Thursday, August 18th. This represents a $1.50 annualized dividend and a yield of 8.29%. Gladstone Commercial Corp.’s payout ratio is -3,000.00%.

In other news, Director Caren D. Merrick bought 2,816 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was bought at an average price of $17.76 per share, for a total transaction of $50,012.16. Following the completion of the transaction, the director now directly owns 2,816 shares in the company, valued at approximately $50,012.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.36% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. HL Financial Services LLC increased its stake in Gladstone Commercial Corp. by 3.1% in the second quarter. HL Financial Services LLC now owns 38,068 shares of the real estate investment trust’s stock worth $643,000 after buying an additional 1,143 shares during the last quarter. Trust Co. of Toledo NA OH increased its stake in Gladstone Commercial Corp. by 14.3% in the second quarter. Trust Co. of Toledo NA OH now owns 23,631 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 2,948 shares during the last quarter. Albert D Mason Inc. increased its stake in Gladstone Commercial Corp. by 7.2% in the second quarter. Albert D Mason Inc. now owns 86,408 shares of the real estate investment trust’s stock worth $1,459,000 after buying an additional 5,830 shares during the last quarter. Independent Portfolio Consultants Inc. increased its stake in Gladstone Commercial Corp. by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 8,820 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 25 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Gladstone Commercial Corp. by 25.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,550 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 2,350 shares during the last quarter. Institutional investors own 39.76% of the company’s stock.

Gladstone Commercial Corp. Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing office and industrial properties, and making long-term industrial and commercial mortgage loans. The Company’s portfolio of real estate is leased to a section of tenants ranging from small businesses to large public companies.

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