Gladstone Commercial Co. (NASDAQ:GOOD) has been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $20.50.

Several equities analysts recently issued reports on GOOD shares. BidaskClub cut Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Saturday, September 1st. DA Davidson reaffirmed a “buy” rating on shares of Gladstone Commercial in a research report on Tuesday, July 31st. Boenning Scattergood set a $21.00 target price on shares of Gladstone Commercial and gave the company a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Finally, Wedbush lowered shares of Gladstone Commercial from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 9th.

GOOD stock traded down $0.06 during midday trading on Thursday, hitting $18.47. The company’s stock had a trading volume of 69,112 shares, compared to its average volume of 92,030. The stock has a market capitalization of $529.42 million, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.80. Gladstone Commercial has a 12 month low of $16.78 and a 12 month high of $23.29. The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 2.16.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Monday, July 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.41). The business had revenue of $26.59 million during the quarter, compared to the consensus estimate of $26.49 million. Gladstone Commercial had a net margin of 7.85% and a return on equity of 3.08%. On average, research analysts predict that Gladstone Commercial will post 1.59 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, October 19th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $1.50 dividend on an annualized basis and a yield of 8.12%. Gladstone Commercial’s dividend payout ratio is presently 98.68%.

A number of institutional investors and hedge funds have recently made changes to their positions in GOOD. SG Americas Securities LLC purchased a new stake in Gladstone Commercial during the 2nd quarter valued at $124,000. Great West Life Assurance Co. Can raised its stake in Gladstone Commercial by 83.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 7,817 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 3,553 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Gladstone Commercial during the 3rd quarter valued at $171,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Gladstone Commercial during the 2nd quarter valued at $327,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Gladstone Commercial during the 2nd quarter valued at $436,000. Institutional investors and hedge funds own 53.99% of the company’s stock.

Gladstone Commercial Company Profile

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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