According to Zacks, “Gladstone Commercial Corporation is a publicly traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Its goal is to pay our shareholders dividends on a monthly basis. Its objective is to increase the amount of dividends paid out each year. “
Other research analysts have also issued research reports about the company. National Securities began coverage on Gladstone Commercial in a report on Monday, November 11th. They set a buy rating and a $25.00 price objective for the company. BidaskClub raised shares of Gladstone Commercial from a strong sell rating to a sell rating in a research note on Saturday, November 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Gladstone Commercial currently has a consensus rating of Hold and an average target price of $23.33.
Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.42). Gladstone Commercial had a return on equity of 4.48% and a net margin of 10.34%. The business had revenue of $28.67 million during the quarter, compared to the consensus estimate of $29.18 million. Equities analysts forecast that Gladstone Commercial will post 1.55 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.57%. The ex-dividend date of this dividend was Monday, November 18th. Gladstone Commercial’s dividend payout ratio (DPR) is currently 94.34%.
Several hedge funds and other institutional investors have recently bought and sold shares of GOOD. Morgan Stanley grew its position in Gladstone Commercial by 121.5% in the second quarter. Morgan Stanley now owns 399,068 shares of the real estate investment trust’s stock worth $8,469,000 after acquiring an additional 218,898 shares in the last quarter. Nuveen Asset Management LLC bought a new position in Gladstone Commercial in the second quarter valued at $3,550,000. BlackRock Inc. increased its stake in Gladstone Commercial by 4.1% in the second quarter. BlackRock Inc. now owns 2,328,065 shares of the real estate investment trust’s stock valued at $49,403,000 after acquiring an additional 92,712 shares during the last quarter. Mackay Shields LLC purchased a new stake in Gladstone Commercial during the third quarter valued at about $1,434,000. Finally, Renaissance Technologies LLC lifted its stake in Gladstone Commercial by 2.4% during the second quarter. Renaissance Technologies LLC now owns 2,562,300 shares of the real estate investment trust’s stock worth $54,372,000 after purchasing an additional 60,600 shares during the last quarter. 57.20% of the stock is owned by 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 April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.
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