Gladstone Commercial (NASDAQ:GOOD) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a hold rating to a buy rating in a report released on Thursday morning.

Other equities analysts have also issued reports about the company. B. Riley reiterated a “neutral” rating and set a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

Gladstone Commercial Stock Up 0.4 %

GOOD opened at $17.09 on Thursday. The business’s fifty day simple moving average is $16.35 and its 200 day simple moving average is $15.20. Gladstone Commercial has a 52 week low of $11.89 and a 52 week high of $17.53. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10. The stock has a market cap of $750.59 million, a PE ratio of 85.45, a P/E/G ratio of 2.01 and a beta of 1.21.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.02%. Gladstone Commercial’s dividend payout ratio (DPR) is currently 600.00%.

Institutional Investors Weigh In On Gladstone Commercial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position in Gladstone Commercial by 31.7% during the 1st quarter. BNP Paribas Financial Markets now owns 19,655 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 4,731 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Gladstone Commercial by 20.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,861 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 2,380 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Gladstone Commercial by 1.3% in the first quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock worth $55,999,000 after buying an additional 53,802 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Gladstone Commercial by 7.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,990 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 1,185 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Gladstone Commercial by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,618 shares of the real estate investment trust’s stock valued at $327,000 after buying an additional 1,609 shares during the period. Institutional investors own 45.51% of the company’s stock.

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.