Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) have received an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.50.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial Corporation in a report on Thursday, August 17th. BidaskClub raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Canaccord Genuity cut their target price on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Forsta AP Fonden lifted its holdings in Gladstone Commercial Corporation by 59.1% in the third 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 holdings in Gladstone Commercial Corporation by 5.7% in the third 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 holdings in Gladstone Commercial Corporation by 6.6% in the second 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. State Street Corp lifted its holdings in Gladstone Commercial Corporation by 14.4% in the second 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. Finally, Goldman Sachs Group Inc. lifted its holdings in Gladstone Commercial Corporation by 56.4% in the second quarter. Goldman Sachs Group Inc. now owns 21,094 shares of the real estate investment trust’s stock worth $460,000 after acquiring an additional 7,606 shares during the last quarter. 49.11% of the stock is currently owned by hedge funds and other institutional investors.

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

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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.

Analyst Recommendations for Gladstone Commercial Corporation (NASDAQ:GOOD)

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