Brokerages Set Gladstone Commercial Co. (GOOD) PT at $20.50

Gladstone Commercial Co. (NASDAQ:GOOD) has been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $20.50.

GOOD has been the topic of several research reports. BidaskClub lowered Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Saturday, September 1st. DA Davidson reissued a “buy” rating on shares of Gladstone Commercial in a report on Tuesday, July 31st. Boenning Scattergood set a $21.00 target price on Gladstone Commercial and gave the company a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, ValuEngine lowered Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Tuesday, June 5th.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Gladstone Commercial by 0.7% in the first quarter. BlackRock Inc. now owns 2,198,544 shares of the real estate investment trust’s stock valued at $38,122,000 after acquiring an additional 15,457 shares in the last quarter. United Capital Financial Advisers LLC lifted its position in shares of Gladstone Commercial by 2.0% in the first 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 in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Gladstone Commercial by 15.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 398,557 shares of the real estate investment trust’s stock valued at $7,661,000 after acquiring an additional 54,265 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Gladstone Commercial by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 397,402 shares of the real estate investment trust’s stock valued at $7,638,000 after acquiring an additional 3,502 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Gladstone Commercial by 6.3% in the second quarter. Northern Trust Corp now owns 365,808 shares of the real estate investment trust’s stock valued at $7,031,000 after acquiring an additional 21,559 shares in the last quarter. Institutional investors and hedge funds own 53.96% of the company’s stock.

Gladstone Commercial stock traded up $0.02 during trading hours on Friday, hitting $18.98. The stock had a trading volume of 11,766 shares, compared to its average volume of 87,139. The company has a debt-to-equity ratio of 2.16, a quick ratio of 6.93 and a current ratio of 6.93. The firm has a market capitalization of $538.88 million, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80. Gladstone Commercial has a 1-year low of $16.78 and a 1-year high of $23.29.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Monday, July 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.41). The firm had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.49 million. Gladstone Commercial had a net margin of 7.85% and a return on equity of 3.08%. sell-side analysts forecast that Gladstone Commercial will post 1.59 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which was paid on Friday, August 31st. Stockholders of record on Tuesday, August 21st were given a $0.125 dividend. The ex-dividend date was Monday, August 20th. This represents a $1.50 annualized dividend and a dividend yield of 7.90%. Gladstone Commercial’s dividend payout ratio is currently 98.68%.

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 July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.

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Analyst Recommendations for Gladstone Commercial (NASDAQ:GOOD)

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