Wedbush upgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a neutral rating to an outperform rating in a research report released on Wednesday morning. Wedbush also issued estimates for Gladstone Commercial’s Q1 2019 earnings at $0.40 EPS, Q3 2019 earnings at $0.42 EPS and Q4 2019 earnings at $0.43 EPS.

Several other equities analysts have also weighed in on GOOD. Boenning Scattergood initiated coverage on shares of Gladstone Commercial in a research report on Tuesday, July 10th. They set an outperform rating and a $21.00 price objective for the company. BidaskClub lowered shares of Gladstone Commercial from a strong-buy rating to a buy rating in a research report on Saturday, July 14th. DA Davidson restated a buy rating on shares of Gladstone Commercial in a research report on Tuesday, July 31st. B. Riley raised their price objective on shares of Gladstone Commercial from $19.00 to $20.00 and gave the company a neutral rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research lowered shares of Gladstone Commercial from a buy rating to a hold rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $21.13.

NASDAQ:GOOD opened at $19.39 on Wednesday. Gladstone Commercial has a twelve month low of $16.78 and a twelve month high of $23.29. The company has a debt-to-equity ratio of 2.19, a current ratio of 13.78 and a quick ratio of 13.78. The stock has a market cap of $571.34 million, a PE ratio of 12.76, a price-to-earnings-growth ratio of 2.05 and a beta of 0.71.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Gladstone Commercial had a net margin of 7.96% and a return on equity of 3.26%. The company had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.86 million. Equities research analysts expect that Gladstone Commercial will post 1.6 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date is Monday, November 19th. Gladstone Commercial’s dividend payout ratio is presently 98.68%.

A number of hedge funds have recently bought and sold shares of GOOD. BlackRock Inc. lifted its stake in Gladstone Commercial by 0.7% during the first quarter. BlackRock Inc. now owns 2,198,544 shares of the real estate investment trust’s stock valued at $38,122,000 after buying an additional 15,457 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Gladstone Commercial by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 393,900 shares of the real estate investment trust’s stock valued at $6,830,000 after buying an additional 9,087 shares in the last quarter. Confluence Investment Management LLC lifted its stake in Gladstone Commercial by 4.3% during the second quarter. Confluence Investment Management LLC now owns 262,994 shares of the real estate investment trust’s stock valued at $5,054,000 after buying an additional 10,837 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Gladstone Commercial during the second quarter valued at about $327,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Gladstone Commercial during the second quarter valued at about $436,000. 54.04% of the stock is owned by institutional investors.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring,owning, and operating net leased industrial and office properties across the United States. Including payments through July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.

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Analyst Recommendations for Gladstone Commercial (NASDAQ:GOOD)

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