Gladstone Commercial (NASDAQ:GOOD) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a sell rating to a hold rating in a research report report published on Saturday morning.

Other equities research analysts have also recently issued reports about the company. Loop Capital set a $13.00 price objective on Gladstone Commercial in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gladstone Commercial in a research note on Monday, December 29th. Zacks Research raised Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, B. Riley Financial restated a “neutral” rating and issued a $11.00 price objective (down previously from $12.00) on shares of Gladstone Commercial in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Gladstone Commercial Stock Performance

Shares of GOOD stock opened at $12.55 on Friday. The company has a market capitalization of $607.55 million, a P/E ratio of 89.64 and a beta of 1.11. The business’s 50 day moving average is $11.27 and its two-hundred day moving average is $11.74. The company has a current ratio of 5.36, a quick ratio of 4.31 and a debt-to-equity ratio of 4.92. Gladstone Commercial has a 12-month low of $10.33 and a 12-month high of $16.40.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.31). Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%. The business had revenue of $43.46 million during the quarter, compared to analysts’ expectations of $41.23 million. Analysts expect that Gladstone Commercial will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 9.6%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 857.14%.

Institutional Trading of Gladstone Commercial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of Gladstone Commercial by 17.1% during the 4th quarter. Invesco Ltd. now owns 1,086,952 shares of the real estate investment trust’s stock worth $11,598,000 after acquiring an additional 158,711 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Gladstone Commercial by 78.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,338 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 12,034 shares during the last quarter. Millennium Management LLC raised its stake in Gladstone Commercial by 80.4% during the fourth quarter. Millennium Management LLC now owns 458,217 shares of the real estate investment trust’s stock worth $4,889,000 after purchasing an additional 204,225 shares during the period. Inspire Investing LLC boosted its holdings in Gladstone Commercial by 18.6% in the 4th quarter. Inspire Investing LLC now owns 43,848 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 6,892 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in Gladstone Commercial by 19.3% in the 4th quarter. Guggenheim Capital LLC now owns 18,732 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 3,033 shares during the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.