BidaskClub Upgrades Gladstone Commercial (GOOD) to Buy

BidaskClub upgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Other equities analysts have also recently issued reports about the stock. TheStreet cut shares of Gladstone Commercial from a c rating to a d+ rating in a research report on Tuesday, March 27th. Zacks Investment Research upgraded shares of Gladstone Commercial from a sell rating to a hold rating in a research report on Tuesday, May 29th. B. Riley reiterated a neutral rating and set a $19.00 price objective on shares of Gladstone Commercial in a research report on Monday, March 12th. Finally, ValuEngine cut shares of Gladstone Commercial from a hold rating to a sell rating in a research report on Tuesday, June 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Gladstone Commercial has a consensus rating of Hold and a consensus price target of $21.50.

Shares of Gladstone Commercial opened at $19.22 on Wednesday, Marketbeat.com reports. The company has a market capitalization of $545.47 million, a PE ratio of 12.64, a PEG ratio of 2.01 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.98. Gladstone Commercial has a 12 month low of $16.78 and a 12 month high of $23.29.

Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.34). The firm had revenue of $26.35 million during the quarter, compared to analyst estimates of $25.57 million. Gladstone Commercial had a net margin of 6.26% and a return on equity of 2.40%. research analysts expect that Gladstone Commercial will post 1.59 EPS for the current year.

The business also recently disclosed a monthly dividend, which was paid on Friday, June 29th. Investors of record on Wednesday, June 20th were given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date of this dividend was Tuesday, June 19th. Gladstone Commercial’s dividend payout ratio is 98.68%.

In related news, CFO Michael Sodo acquired 2,000 shares of the stock in a transaction that occurred on Friday, May 4th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $36,000.00. Following the transaction, the chief financial officer now directly owns 5,000 shares in the company, valued at $90,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have purchased 4,571 shares of company stock valued at $82,732. 1.98% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. WINTON GROUP Ltd acquired a new position in Gladstone Commercial in the 1st quarter valued at approximately $899,000. United Capital Financial Advisers LLC increased its position in Gladstone Commercial by 2.0% in the 1st quarter. United Capital Financial Advisers LLC now owns 535,692 shares of the real estate investment trust’s stock valued at $9,289,000 after acquiring an additional 10,294 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in Gladstone Commercial in the 1st quarter valued at approximately $1,040,000. Dimensional Fund Advisors LP increased its position in Gladstone Commercial by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 393,900 shares of the real estate investment trust’s stock valued at $6,830,000 after acquiring an additional 9,087 shares during the period. Finally, New York State Common Retirement Fund increased its position in Gladstone Commercial by 14.4% in the 1st quarter. New York State Common Retirement Fund now owns 30,900 shares of the real estate investment trust’s stock valued at $536,000 after acquiring an additional 3,900 shares during the period. Hedge funds and other institutional investors own 55.24% of the company’s stock.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2018, Gladstone Commercial has paid 156 consecutive monthly cash distributions on its common stock.

Analyst Recommendations for Gladstone Commercial (NASDAQ:GOOD)

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