Gladstone Commercial (GOOD) Rating Increased to Long at Hilliard Lyons

Hilliard Lyons upgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a neutral rating to a long rating in a research report report published on Friday morning, Marketbeat reports.

Several other equities research analysts also recently weighed in on GOOD. ValuEngine downgraded shares of Gladstone Commercial from a buy rating to a hold rating in a research note on Thursday, February 15th. Zacks Investment Research downgraded shares of Gladstone Commercial from a hold rating to a sell rating in a research note on Wednesday, February 14th. BidaskClub raised shares of Gladstone Commercial from a strong sell rating to a sell rating in a research note on Saturday, February 10th. B. Riley assumed coverage on shares of Gladstone Commercial in a research note on Thursday, February 8th. They issued a neutral rating and a $19.00 target price on the stock. Finally, Ladenburg Thalmann Financial Services reissued a hold rating on shares of Gladstone Commercial in a research note on Friday, December 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $21.50.

Shares of Gladstone Commercial (NASDAQ:GOOD) opened at $17.65 on Friday. Gladstone Commercial has a 12 month low of $17.05 and a 12 month high of $23.35. The firm has a market cap of $489.00, a price-to-earnings ratio of -98.06, a PEG ratio of 1.82 and a beta of 0.75. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.96.

The business also recently declared a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 22nd were paid a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 8.50%. The ex-dividend date was Friday, January 19th. Gladstone Commercial’s dividend payout ratio is presently -833.33%.

A number of hedge funds have recently bought and sold shares of GOOD. Alliancebernstein L.P. increased its stake in Gladstone Commercial by 24.7% in the 2nd quarter. Alliancebernstein L.P. now owns 25,020 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 4,950 shares during the period. Teachers Advisors LLC increased its stake in Gladstone Commercial by 0.5% in the 2nd quarter. Teachers Advisors LLC now owns 48,485 shares of the real estate investment trust’s stock worth $1,056,000 after buying an additional 226 shares during the period. TIAA CREF Investment Management LLC increased its stake in Gladstone Commercial by 5.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 66,541 shares of the real estate investment trust’s stock worth $1,450,000 after buying an additional 3,194 shares during the period. New York State Common Retirement Fund increased its stake in Gladstone Commercial by 15.4% in the 2nd quarter. New York State Common Retirement Fund now owns 27,000 shares of the real estate investment trust’s stock worth $588,000 after buying an additional 3,599 shares during the period. Finally, Northern Trust Corp increased its stake in Gladstone Commercial by 5.3% in the 2nd quarter. Northern Trust Corp now owns 314,984 shares of the real estate investment trust’s stock worth $6,863,000 after buying an additional 15,833 shares during the period. 53.67% of the stock is currently owned by institutional investors.

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About Gladstone Commercial

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 (NASDAQ:GOOD)

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