Shares of Gladstone Commercial Co. (NASDAQ:GOOD) have been given a consensus rating of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $22.50.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Tuesday. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a research note on Friday, December 1st. BidaskClub cut Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, ValuEngine cut Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 20th.
A number of institutional investors and hedge funds have recently bought and sold shares of GOOD. Rhumbline Advisers lifted its holdings in Gladstone Commercial by 4.3% in the 2nd quarter. Rhumbline Advisers now owns 32,879 shares of the real estate investment trust’s stock worth $716,000 after purchasing an additional 1,365 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Gladstone Commercial by 99.6% in the 2nd 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 last quarter. Swiss National Bank lifted its holdings in Gladstone Commercial by 10.3% in the 2nd quarter. Swiss National Bank now owns 42,700 shares of the real estate investment trust’s stock worth $930,000 after purchasing an additional 4,000 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Gladstone Commercial by 3.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 153,600 shares of the real estate investment trust’s stock worth $3,346,000 after purchasing an additional 5,075 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Gladstone Commercial by 0.9% in the 2nd quarter. Wells Fargo & Company MN now owns 242,927 shares of the real estate investment trust’s stock worth $5,293,000 after purchasing an additional 2,237 shares during the last quarter. Hedge funds and other institutional investors own 52.78% of the company’s stock.
Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.39). Gladstone Commercial had a net margin of 10.59% and a return on equity of 3.96%. research analysts expect that Gladstone Commercial will post 1.52 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, January 22nd will be paid a $0.125 dividend. The ex-dividend date is Friday, January 19th. This represents a $1.50 annualized dividend and a dividend yield of 7.56%. Gladstone Commercial’s payout ratio is -5,000.00%.
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About Gladstone Commercial
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.
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