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 research note published on Tuesday morning.

Several other brokerages also recently commented on GOOD. Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th. B. Riley restated a “neutral” rating and set a $15.00 price objective (up previously from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th.

Gladstone Commercial Trading Up 0.5 %

Shares of Gladstone Commercial stock opened at $16.87 on Tuesday. Gladstone Commercial has a 1 year low of $11.89 and a 1 year high of $17.88. The company has a market capitalization of $740.93 million, a price-to-earnings ratio of 84.35, a P/E/G ratio of 1.97 and a beta of 1.24. The business has a fifty day simple moving average of $16.64 and a two-hundred day simple moving average of $15.42. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54.

Gladstone Commercial Announces Dividend

The firm also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 7.11%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial’s dividend payout ratio (DPR) is 600.00%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new stake in shares of Gladstone Commercial in the third quarter valued at approximately $2,306,000. Charles Schwab Investment Management Inc. lifted its position in shares of Gladstone Commercial by 36.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock valued at $7,168,000 after acquiring an additional 117,988 shares during the period. Martingale Asset Management L P bought a new position in shares of Gladstone Commercial in the third quarter worth $947,000. Barclays PLC raised its stake in Gladstone Commercial by 323.4% in the third quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust’s stock valued at $1,009,000 after purchasing an additional 47,456 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Gladstone Commercial during the third quarter worth about $612,000. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Company Profile

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.