Weekly Research Analysts’ Ratings Updates for Gladstone Commercial (GOOD)

Weekly Research Analysts’ Ratings Updates for Gladstone Commercial (GOOD)

Several analysts have recently updated their ratings and price targets for Gladstone Commercial (NASDAQ: GOOD):

5/3/2019 – Gladstone Commercial was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

5/2/2019 – Gladstone Commercial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Gladstone Commercial Corporation is a publicly traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Its goal is to pay our shareholders dividends on a monthly basis. Its objective is to increase the amount of dividends paid out each year. “

5/1/2019 – Gladstone Commercial was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

5/1/2019 – Gladstone Commercial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “Gladstone Commercial Corporation is a publicly traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Its goal is to pay our shareholders dividends on a monthly basis. Its objective is to increase the amount of dividends paid out each year. “

4/1/2019 – Gladstone Commercial was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

NASDAQ:GOOD opened at $21.65 on Thursday. The stock has a market cap of $655.93 million, a PE ratio of 13.62, a price-to-earnings-growth ratio of 2.67 and a beta of 0.91. Gladstone Commercial Co. has a 1 year low of $16.89 and a 1 year high of $22.83. The company has a quick ratio of 14.94, a current ratio of 14.94 and a debt-to-equity ratio of 2.14.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.34). Gladstone Commercial had a net margin of 11.41% and a return on equity of 4.90%. The firm had revenue of $28.14 million during the quarter, compared to analysts’ expectations of $27.69 million. As a group, research analysts forecast that Gladstone Commercial Co. will post 1.61 earnings per share for the current year.

The company also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 22nd were issued a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend was Thursday, April 18th. Gladstone Commercial’s payout ratio is currently 94.34%.

Several institutional investors have recently bought and sold shares of GOOD. Wells Fargo & Company MN lifted its holdings in shares of Gladstone Commercial by 39.0% in the 1st quarter. Wells Fargo & Company MN now owns 407,938 shares of the real estate investment trust’s stock valued at $8,473,000 after purchasing an additional 114,497 shares during the last quarter. Oxford Asset Management LLP lifted its holdings in shares of Gladstone Commercial by 244.2% in the 1st quarter. Oxford Asset Management LLP now owns 138,395 shares of the real estate investment trust’s stock valued at $2,874,000 after purchasing an additional 98,190 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Gladstone Commercial by 3.1% in the 4th quarter. BlackRock Inc. now owns 2,252,248 shares of the real estate investment trust’s stock valued at $40,361,000 after purchasing an additional 68,243 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Gladstone Commercial by 2.5% in the 1st quarter. Renaissance Technologies LLC now owns 2,501,700 shares of the real estate investment trust’s stock valued at $51,960,000 after purchasing an additional 60,800 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its holdings in shares of Gladstone Commercial by 560.7% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 68,159 shares of the real estate investment trust’s stock valued at $1,165,000 after purchasing an additional 57,843 shares during the last quarter. 52.05% of the stock is owned by institutional investors and hedge funds.

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 April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

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