Gladstone Commercial (NASDAQ:GOOD) Coverage Initiated by Analysts at Huntington

Huntington assumed coverage on shares of Gladstone Commercial (NASDAQ:GOODFree Report) in a report released on Wednesday, MarketBeat reports. The firm issued a market perform rating and a $13.00 price objective on the real estate investment trust’s stock.

Separately, Weiss Ratings raised shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.83.

Get Our Latest Stock Analysis on Gladstone Commercial

Gladstone Commercial Stock Performance

Shares of GOOD stock opened at $12.71 on Wednesday. The business’s 50-day moving average price is $12.51 and its 200-day moving average price is $12.07. Gladstone Commercial has a 12 month low of $10.33 and a 12 month high of $13.91. The firm has a market capitalization of $615.29 million, a price-to-earnings ratio of 70.62 and a beta of 1.07. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 5.13.

Gladstone Commercial (NASDAQ:GOODGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.30. Gladstone Commercial had a net margin of 12.74% and a return on equity of 12.11%. The business had revenue of $41.91 million during the quarter, compared to analyst estimates of $42.94 million. Equities research analysts forecast that Gladstone Commercial will post 1.41 EPS for the current year.

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Commercial’s dividend payout ratio is currently 666.67%.

Hedge Funds Weigh In On Gladstone Commercial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Gladstone Commercial in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Gladstone Commercial by 751.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,578 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Gladstone Commercial during the 4th quarter worth approximately $30,000. Advisory Services Network LLC bought a new stake in shares of Gladstone Commercial in the 3rd quarter valued at $34,000. Finally, Parallel Advisors LLC increased its stake in shares of Gladstone Commercial by 71.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,168 shares in the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

Key Stories Impacting Gladstone Commercial

Here are the key news stories impacting Gladstone Commercial this week:

Gladstone Commercial Company Profile

(Get Free Report)

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.

Recommended Stories

Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with MarketBeat.com's FREE daily email newsletter.