Gladstone Commercial (NASDAQ:GOOD) Upgraded at Wall Street Zen

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

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

Gladstone Commercial Price Performance

Shares of NASDAQ GOOD opened at $12.74 on Friday. The company has a debt-to-equity ratio of 4.92, a quick ratio of 5.36 and a current ratio of 5.36. Gladstone Commercial has a fifty-two week low of $10.33 and a fifty-two week high of $16.40. The stock has a market cap of $616.74 million, a PE ratio of 91.00 and a beta of 1.11. The stock has a fifty day moving average of $11.31 and a 200-day moving average of $11.72.

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

Gladstone Commercial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders 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) annualized dividend and a dividend yield of 9.4%. Gladstone Commercial’s dividend payout ratio (DPR) is 857.14%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GOOD. Allianz Asset Management GmbH purchased a new position in shares of Gladstone Commercial during the 2nd quarter valued at about $378,000. State of New Jersey Common Pension Fund D grew its position in Gladstone Commercial by 64.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 225,246 shares of the real estate investment trust’s stock valued at $2,775,000 after acquiring an additional 88,467 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Gladstone Commercial during the second quarter worth approximately $358,000. Geode Capital Management LLC lifted its holdings in shares of Gladstone Commercial by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,219,393 shares of the real estate investment trust’s stock worth $17,476,000 after acquiring an additional 41,774 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Gladstone Commercial by 54.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 562,671 shares of the real estate investment trust’s stock valued at $8,063,000 after purchasing an additional 198,624 shares in the last quarter. Institutional investors own 45.51% of the company’s stock.

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.