ValuEngine lowered shares of Gladstone Commercial Corporation (NASDAQ:GOOD) from a strong-buy rating to a buy rating in a report published on Monday.

Other research analysts have also recently issued reports about the stock. 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 report on Wednesday, August 2nd. Ladenburg Thalmann Financial Services restated a hold rating on shares of Gladstone Commercial Corporation in a report on Thursday, August 17th. BidaskClub raised shares of Gladstone Commercial Corporation from a sell rating to a hold rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Gladstone Commercial Corporation from a sell rating to a hold rating in a research report on Tuesday, August 15th. Finally, Janney Montgomery Scott initiated coverage on shares of Gladstone Commercial Corporation in a research report on Friday, September 8th. They issued a buy rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Gladstone Commercial Corporation has a consensus rating of Hold and an average target price of $23.33.

Gladstone Commercial Corporation (GOOD) traded down $0.05 during trading on Monday, reaching $22.48. 120,200 shares of the company traded hands, compared to its average volume of 178,129. Gladstone Commercial Corporation has a 1-year low of $18.02 and a 1-year high of $23.35. The stock has a market capitalization of $624.62, a PE ratio of 14.92, a PEG ratio of 2.46 and a beta of 0.87. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78.

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The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be given a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 6.67%. The ex-dividend date is Friday, November 17th. Gladstone Commercial Corporation’s dividend payout ratio is -3,750.00%.

A number of hedge funds have recently made changes to their positions in GOOD. Schwab Charles Investment Management Inc. raised its position in Gladstone Commercial Corporation by 517.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 282,822 shares of the real estate investment trust’s stock worth $6,299,000 after acquiring an additional 237,022 shares during the period. Chicago Equity Partners LLC bought a new stake in Gladstone Commercial Corporation in the second quarter worth about $2,654,000. Vanguard Group Inc. raised its position in Gladstone Commercial Corporation by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,910,745 shares of the real estate investment trust’s stock worth $63,425,000 after acquiring an additional 81,609 shares during the period. Renaissance Technologies LLC raised its position in Gladstone Commercial Corporation by 4.0% in the second quarter. Renaissance Technologies LLC now owns 2,050,300 shares of the real estate investment trust’s stock worth $44,676,000 after acquiring an additional 79,100 shares during the period. Finally, Allianz Asset Management GmbH bought a new stake in Gladstone Commercial Corporation in the third quarter worth about $1,722,000. 50.97% of the stock is currently owned by institutional investors and hedge funds.

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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