Gladstone Commercial (NASDAQ:GOOD) Upgraded 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.

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

Gladstone Commercial Stock Performance

Shares of GOOD opened at $17.09 on Thursday. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54. The firm has a market cap of $750.59 million, a PE ratio of 85.45, a PEG ratio of 2.01 and a beta of 1.21. Gladstone Commercial has a 1 year low of $11.89 and a 1 year high of $17.53. The stock’s fifty day moving average price is $16.35 and its two-hundred day moving average price is $15.20.

Gladstone Commercial Dividend Announcement

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

Institutional Investors Weigh In On Gladstone Commercial

A number of institutional investors and hedge funds have recently modified their holdings of GOOD. Ballentine Partners LLC increased its holdings in Gladstone Commercial by 5.3% during the 2nd quarter. Ballentine Partners LLC now owns 14,214 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 714 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Gladstone Commercial by 4.8% in the second quarter. Daiwa Securities Group Inc. now owns 19,087 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 867 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Gladstone Commercial by 7.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 17,990 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 1,185 shares during the period. Bank of New York Mellon Corp boosted its stake in Gladstone Commercial by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 159,547 shares of the real estate investment trust’s stock valued at $2,277,000 after buying an additional 1,327 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Gladstone Commercial by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,618 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 1,609 shares in the last quarter. 45.51% of the stock is owned by hedge funds and other 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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.