Shares of Gladstone Commercial Co. (NASDAQ:GOOD) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $20.50.

A number of brokerages have commented on GOOD. Zacks Investment Research upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. ValuEngine lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. BidaskClub upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Finally, Boenning Scattergood restated a “buy” rating and set a $21.00 price target on shares of Gladstone Commercial in a research note on Thursday, February 14th.

A number of hedge funds have recently made changes to their positions in GOOD. Wells Fargo & Company MN increased its stake in Gladstone Commercial by 3.1% during the 3rd quarter. Wells Fargo & Company MN now owns 275,747 shares of the real estate investment trust’s stock valued at $5,280,000 after purchasing an additional 8,317 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gladstone Commercial by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,939 shares of the real estate investment trust’s stock worth $3,044,000 after acquiring an additional 11,368 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Gladstone Commercial by 14.2% in the 3rd quarter. Prudential Financial Inc. now owns 104,767 shares of the real estate investment trust’s stock worth $2,007,000 after acquiring an additional 13,019 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Gladstone Commercial by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 235,076 shares of the real estate investment trust’s stock worth $4,503,000 after acquiring an additional 2,593 shares in the last quarter. Finally, Martingale Asset Management L P grew its stake in shares of Gladstone Commercial by 62.6% in the 3rd quarter. Martingale Asset Management L P now owns 107,513 shares of the real estate investment trust’s stock worth $2,059,000 after acquiring an additional 41,401 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

NASDAQ:GOOD opened at $21.02 on Thursday. The firm has a market capitalization of $634.36 million, a PE ratio of 13.22, a P/E/G ratio of 2.59 and a beta of 0.90. The company has a debt-to-equity ratio of 2.22, a current ratio of 15.32 and a quick ratio of 15.32. Gladstone Commercial has a twelve month low of $16.89 and a twelve month high of $21.45.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.41). The company had revenue of $27.26 million during the quarter, compared to the consensus estimate of $27.18 million. Gladstone Commercial had a net margin of 11.54% and a return on equity of 4.87%. Analysts forecast that Gladstone Commercial will post 1.62 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $1.50 dividend on an annualized basis and a yield of 7.14%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 94.34%.

About Gladstone Commercial

Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, investmen,t and ownership of net leased industrial, commercial, and retail real properties. Its portfolio consists of single-tenant commercial and industrial real properties. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.

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