Gladstone Commercial Corp. (NASDAQ:GOOD) has been given an average broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a buy rating on the company. Gladstone Commercial Corp.’s rating score has declined by 25% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price objective of $23.50 for the company, according to Zacks. Zacks has also assigned Gladstone Commercial Corp. an industry rank of 90 out of 265 based on the ratings given to related companies.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Gladstone Commercial Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, July 13th. TheStreet raised shares of Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 8th.
Shares of Gladstone Commercial Corp. (NASDAQ:GOOD) opened at 17.84 on Monday. Gladstone Commercial Corp. has a one year low of $12.00 and a one year high of $19.15. The stock’s market capitalization is $402.88 million. The firm’s 50-day moving average is $18.23 and its 200-day moving average is $17.39.
Gladstone Commercial Corp. (NASDAQ:GOOD) last issued its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. Gladstone Commercial Corp. had a net margin of 4.89% and a return on equity of 1.83%. On average, analysts expect that Gladstone Commercial Corp. will post $1.55 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Friday, December 30th. Investors of record on Tuesday, December 20th will be paid a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date is Friday, December 16th. Gladstone Commercial Corp.’s dividend payout ratio (DPR) is presently -3,000.00%.
In related news, Director Caren D. Merrick bought 2,816 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average cost of $17.76 per share, for a total transaction of $50,012.16. Following the purchase, the director now directly owns 2,816 shares of the company’s stock, valued at $50,012.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.36% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in GOOD. Commonwealth Equity Services Inc boosted its stake in Gladstone Commercial Corp. by 4.8% in the first quarter. Commonwealth Equity Services Inc now owns 24,752 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 1,125 shares during the period. Aperio Group LLC boosted its stake in Gladstone Commercial Corp. by 17.4% in the first quarter. Aperio Group LLC now owns 18,850 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 2,794 shares during the period. JPMorgan Chase & Co. boosted its stake in Gladstone Commercial Corp. by 0.4% in the first quarter. JPMorgan Chase & Co. now owns 151,968 shares of the real estate investment trust’s stock worth $2,489,000 after buying an additional 595 shares during the period. AXA bought a new stake in Gladstone Commercial Corp. during the first quarter worth approximately $388,000. Finally, Geode Capital Management LLC boosted its stake in Gladstone Commercial Corp. by 4.9% in the first quarter. Geode Capital Management LLC now owns 150,017 shares of the real estate investment trust’s stock worth $2,457,000 after buying an additional 7,037 shares during the period. Institutional investors own 39.76% of the company’s stock.
About Gladstone Commercial Corp.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gladstone Commercial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.