Gladstone Commercial (NASDAQ:GOOD) Now Covered by Analysts at Huntington

Huntington started coverage on shares of Gladstone Commercial (NASDAQ:GOOD) in a report released on Tuesday,Zacks reports. The brokerage issued a hold rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the company. B. Riley Financial reissued a “neutral” rating and set a $11.50 price objective (down from $12.50) on shares of Gladstone Commercial in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gladstone Commercial in a report on Monday, August 24th. Four investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.25.

Gladstone Commercial Stock Performance

NASDAQ GOOD opened at $10.89 on Tuesday. Gladstone Commercial has a 1 year low of $10.33 and a 1 year high of $13.28. The company has a debt-to-equity ratio of 5.43, a current ratio of 3.72 and a quick ratio of 3.72. The stock has a market capitalization of $527.18 million, a PE ratio of 83.78 and a beta of 1.09. The company’s 50 day simple moving average is $12.48 and its two-hundred day simple moving average is $12.37.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). The firm had revenue of $42.42 million for the quarter, compared to analysts’ expectations of $42.56 million. Gladstone Commercial had a net margin of 10.81% and a return on equity of 11.30%. Analysts predict that Gladstone Commercial will post 1.39 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 21st. This represents a $1.20 annualized dividend and a yield of 11.0%. Gladstone Commercial’s payout ratio is 461.54%.

Institutional Trading of Gladstone Commercial

Several hedge funds have recently added to or reduced their stakes in GOOD. Fortitude Family Office LLC increased its stake in Gladstone Commercial by 6,177.8% in the 3rd quarter. Fortitude Family Office LLC now owns 2,260 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,224 shares during the period. CX Institutional bought a new stake in shares of Gladstone Commercial during the 3rd quarter valued at about $29,000. GAMMA Investing LLC boosted its stake in shares of Gladstone Commercial by 218.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,231 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,216 shares in the last quarter. Trust Co. of Vermont purchased a new position in shares of Gladstone Commercial during the second quarter valued at about $40,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Gladstone Commercial during the first quarter valued at about $46,000. 45.51% of the stock is owned by institutional investors.

About Gladstone Commercial

Gladstone Commercial Corporation (NASDAQ: GOOD) is a real estate investment trust (REIT) that owns, acquires, and manages income-producing commercial properties in the United States. The company primarily focuses on office and industrial real estate, including business parks, office buildings, manufacturing facilities, distribution properties, and other commercial assets.

Gladstone Commercial generally leases its properties to businesses under long-term agreements, with the goal of generating recurring rental income.