Zacks Investment Research downgraded shares of Gladstone Commercial Corp. (NASDAQ:GOOD) from a hold rating to a sell rating in a report released on Tuesday morning.

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. “

Separately, TheStreet upgraded shares of Gladstone Commercial Corp. from a sell rating to a hold rating in a research report on Monday, August 8th.

Gladstone Commercial Corp. (NASDAQ:GOOD) opened at 19.46 on Tuesday. The company’s market cap is $462.14 billion. Gladstone Commercial Corp. has a 52-week low of $12.00 and a 52-week high of $19.50. The stock’s 50 day moving average is $17.98 and its 200-day moving average is $17.67.

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The company also recently disclosed a monthly dividend, which will be paid on Friday, December 30th. Shareholders of record on Tuesday, December 20th will be given a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date of this dividend is Friday, December 16th. Gladstone Commercial Corp.’s payout ratio is -1,666.67%.

In other news, CFO Michael Sodo acquired 1,800 shares of the firm’s stock in a transaction on Thursday, November 3rd. The shares were purchased at an average price of $16.57 per share, for a total transaction of $29,826.00. Following the completion of the transaction, the chief financial officer now owns 1,800 shares of the company’s stock, valued at $29,826. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.36% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in GOOD. Mizuho Trust & Banking Co. Ltd. boosted its position in Gladstone Commercial Corp. by 30.0% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 5,631 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 1,298 shares during the last quarter. BlackRock Inc. boosted its position in Gladstone Commercial Corp. by 231.0% in the second quarter. BlackRock Inc. now owns 8,596 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 5,999 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in Gladstone Commercial Corp. by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 8,820 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 25 shares during the last quarter. Alliancebernstein L.P. purchased a new position in Gladstone Commercial Corp. during the second quarter worth about $169,000. Finally, D.A. Davidson & CO. boosted its position in Gladstone Commercial Corp. by 7.5% in the third quarter. D.A. Davidson & CO. now owns 9,257 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 647 shares during the last quarter. Hedge funds and other institutional investors own 43.92% of the company’s stock.

Gladstone Commercial Corp. Company Profile

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.

5 Day Chart for NASDAQ:GOOD

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