DA Davidson began coverage on shares of Gladstone Commercial Corporation (NASDAQ:GOOD) in a research note published on Tuesday, July 25th, MarketBeat Ratings reports. The brokerage issued a buy rating and a $24.00 price target on the real estate investment trust’s stock. DA Davidson also issued estimates for Gladstone Commercial Corporation’s Q2 2017 earnings at $0.38 EPS, Q3 2017 earnings at $0.38 EPS, Q4 2017 earnings at $0.39 EPS, FY2017 earnings at $1.53 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.62 EPS.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity assumed coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 18th. They set a hold rating and a $22.00 target price for the company. Zacks Investment Research upgraded shares of Gladstone Commercial Corporation from a sell rating to a hold rating in a research note on Wednesday, July 12th. BidaskClub downgraded shares of Gladstone Commercial Corporation from a buy rating to a hold rating in a research note on Tuesday, July 11th. Finally, Hilliard Lyons downgraded shares of Gladstone Commercial Corporation from a buy rating to a neutral rating in a research note on Wednesday, May 3rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Gladstone Commercial Corporation has an average rating of Hold and an average target price of $22.67.

Shares of Gladstone Commercial Corporation (GOOD) traded down 2.35% on Tuesday, reaching $20.76. The company had a trading volume of 130,767 shares. Gladstone Commercial Corporation has a 1-year low of $16.02 and a 1-year high of $23.35.

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The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be paid a $0.125 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $1.50 annualized dividend and a yield of 7.23%. Gladstone Commercial Corporation’s dividend payout ratio is presently -1,250.00%.

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Gladstone Commercial Corporation during the fourth quarter valued at about $366,000. State Street Corp increased its position in Gladstone Commercial Corporation by 12.0% in the fourth quarter. State Street Corp now owns 385,589 shares of the real estate investment trust’s stock valued at $7,750,000 after buying an additional 41,451 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Gladstone Commercial Corporation by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 330,272 shares of the real estate investment trust’s stock valued at $6,638,000 after buying an additional 2,264 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in Gladstone Commercial Corporation by 0.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,666 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 112 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in Gladstone Commercial Corporation by 3.5% in the fourth quarter. Teachers Advisors LLC now owns 45,841 shares of the real estate investment trust’s stock valued at $921,000 after buying an additional 1,545 shares in the last quarter. Institutional investors own 48.12% of the company’s stock.

About Gladstone Commercial Corporation

Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.

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