Gladstone Commercial Corporation (NASDAQ:GOOD) has been assigned an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.50.

A number of analysts recently issued reports on GOOD shares. BidaskClub cut Gladstone Commercial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Canaccord Genuity started coverage on 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. DA Davidson started coverage on Gladstone Commercial Corporation in a research note on Tuesday, July 25th. They set a “buy” rating and a $24.00 target price for the company. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial Corporation in a research note on Thursday, August 17th.

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Gladstone Commercial Corporation (NASDAQ:GOOD) traded down $0.03 during midday trading on Thursday, reaching $22.40. The company had a trading volume of 75,692 shares, compared to its average volume of 123,685. Gladstone Commercial Corporation has a twelve month low of $16.72 and a twelve month high of $23.35. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78. The company has a market cap of $618.67, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.44 and a beta of 0.87.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, November 17th. This represents a $1.50 annualized dividend and a dividend yield of 6.70%. Gladstone Commercial Corporation’s dividend payout ratio is currently -3,750.00%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Gladstone Commercial Corporation by 27.7% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,669 shares of the real estate investment trust’s stock worth $616,000 after acquiring an additional 6,002 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Gladstone Commercial Corporation by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 243,509 shares of the real estate investment trust’s stock worth $5,423,000 after acquiring an additional 5,333 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Gladstone Commercial Corporation by 55.9% during the 3rd quarter. Prudential Financial Inc. now owns 21,012 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 7,530 shares in the last quarter. Forsta AP Fonden grew its stake in shares of Gladstone Commercial Corporation by 59.1% during the 3rd quarter. Forsta AP Fonden now owns 30,700 shares of the real estate investment trust’s stock worth $684,000 after acquiring an additional 11,400 shares in the last quarter. Finally, Strs Ohio grew its stake in shares of Gladstone Commercial Corporation by 5.7% during the 3rd quarter. Strs Ohio now owns 41,661 shares of the real estate investment trust’s stock worth $927,000 after acquiring an additional 2,261 shares in the last quarter. 49.02% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Gladstone Commercial Corporation (NASDAQ:GOOD)

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