Gladstone Commercial Corporation (NASDAQ:GOOD) – Investment analysts at DA Davidson reduced their FY2018 earnings per share (EPS) estimates for shares of Gladstone Commercial Corporation in a note issued to investors on Wednesday. DA Davidson analyst B. Oxford now expects that the real estate investment trust will post earnings of $1.61 per share for the year, down from their previous forecast 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 subject of a number of other research reports. Zacks Investment Research raised shares of Gladstone Commercial Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday, October 11th. Canaccord Genuity initiated coverage on shares of Gladstone Commercial Corporation in a research report on Tuesday, July 18th. They set a “hold” rating and a $22.00 target price for the company. BidaskClub lowered shares of Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Janney Montgomery Scott initiated coverage on shares of Gladstone Commercial Corporation in a research report on Friday, September 8th. They set a “buy” rating for the company. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial Corporation in a research report on Thursday, August 17th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Gladstone Commercial Corporation currently has a consensus rating of “Hold” and a consensus price target of $23.33.

A number of institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. lifted its position in Gladstone Commercial Corporation by 55.9% during the 3rd quarter. Prudential Financial Inc. now owns 21,012 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 7,530 shares during the last quarter. Forsta AP Fonden lifted its position in Gladstone Commercial Corporation by 59.1% during the 3rd quarter. Forsta AP Fonden now owns 30,700 shares of the real estate investment trust’s stock worth $684,000 after acquiring an additional 11,400 shares during the last quarter. Strs Ohio lifted its position in Gladstone Commercial Corporation by 5.7% during the 3rd quarter. Strs Ohio now owns 41,661 shares of the real estate investment trust’s stock worth $927,000 after acquiring an additional 2,261 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Gladstone Commercial Corporation by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,662 shares of the real estate investment trust’s stock worth $472,000 after acquiring an additional 1,336 shares during the last quarter. Finally, State Street Corp lifted its position in Gladstone Commercial Corporation by 14.4% during the 2nd quarter. State Street Corp now owns 539,308 shares of the real estate investment trust’s stock worth $11,754,000 after acquiring an additional 67,863 shares during the last quarter. 49.11% of the stock is owned by hedge funds and other institutional investors.

The company also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date is Friday, November 17th. Gladstone Commercial Corporation’s dividend payout ratio is -5,000.00%.

About Gladstone Commercial Corporation

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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