Janney Montgomery Scott Begins Coverage on Gladstone Commercial Corporation (NASDAQ:GOOD)

Janney Montgomery Scott started coverage on shares of Gladstone Commercial Corporation (NASDAQ:GOOD) in a report issued on Friday, September 8th, Marketbeat reports. The brokerage issued a buy rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the stock. DA Davidson started coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 25th. They set a buy rating and a $24.00 price objective for the company. Canaccord Genuity started coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 18th. They set a hold rating and a $22.00 price objective for the company. Zacks Investment Research upgraded shares of Gladstone Commercial Corporation from a sell rating to a hold rating in a research report on Wednesday, July 12th. BidaskClub lowered shares of Gladstone Commercial Corporation from a buy rating to a hold rating in a research report on Tuesday, July 11th. Finally, Ladenburg Thalmann Financial Services reiterated a hold rating on shares of Gladstone Commercial Corporation in a research report on Thursday, August 17th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Gladstone Commercial Corporation has an average rating of Hold and an average price target of $22.67.

Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) opened at 21.70 on Friday. Gladstone Commercial Corporation has a one year low of $16.02 and a one year high of $23.35. The stock’s 50 day moving average is $21.14 and its 200-day moving average is $21.06. The company’s market cap is $599.83 million.

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The business also recently announced a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, September 19th. This represents a $1.50 annualized dividend and a yield of 6.91%. Gladstone Commercial Corporation’s payout ratio is presently -1,250.00%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning lifted its holdings in shares of Gladstone Commercial Corporation by 11.7% in the 2nd quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 517 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Gladstone Commercial Corporation by 99.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 2,511 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Gladstone Commercial Corporation by 4.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 350 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Gladstone Commercial Corporation by 44.0% in the 1st quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 3,918 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Gladstone Commercial Corporation by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 49.07% of the company’s stock.

Gladstone Commercial Corporation Company Profile

Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.

Analyst Recommendations for Gladstone Commercial Corporation (NASDAQ:GOOD)

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