Ladenburg Thalmann Financial Services reiterated their hold rating on shares of Gladstone Commercial Corporation (NASDAQ:GOOD) in a research note published on Thursday morning.

A number of other research analysts have also weighed in on GOOD. BidaskClub raised shares of Gladstone Commercial Corporation from a sell rating to a hold rating in a research note on Thursday. Canaccord Genuity cut their price target on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a hold rating on the stock in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Gladstone Commercial Corporation from a sell rating to a hold rating in a research note on Tuesday, August 15th. Finally, DA Davidson began coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 25th. They issued a buy rating and a $24.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Gladstone Commercial Corporation has an average rating of Hold and a consensus price target of $22.67.

Gladstone Commercial Corporation (NASDAQ:GOOD) opened at 20.76 on Thursday. Gladstone Commercial Corporation has a 1-year low of $16.02 and a 1-year high of $23.35.

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

Hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY increased its stake in Gladstone Commercial Corporation by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 16,717 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 51 shares during the period. Teachers Advisors LLC increased its stake in Gladstone Commercial Corporation by 0.5% in the second quarter. Teachers Advisors LLC now owns 48,485 shares of the real estate investment trust’s stock worth $1,056,000 after buying an additional 226 shares during the period. California Public Employees Retirement System increased its stake in Gladstone Commercial Corporation by 1.0% in the first quarter. California Public Employees Retirement System now owns 31,500 shares of the real estate investment trust’s stock worth $651,000 after buying an additional 300 shares during the period. Nisa Investment Advisors LLC increased its stake in Gladstone Commercial Corporation by 4.5% in the second quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 350 shares during the period. Finally, Bessemer Group Inc. increased its stake in Gladstone Commercial Corporation by 0.8% in the second quarter. Bessemer Group Inc. now owns 52,500 shares of the real estate investment trust’s stock worth $1,144,000 after buying an additional 400 shares during the period. Institutional investors own 48.12% of the company’s stock.

Gladstone Commercial Corporation Company Profile

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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