Gladstone Commercial (NASDAQ:GOOD) Lowered to “Strong Sell” at BidaskClub

BidaskClub downgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a sell rating to a strong sell rating in a research note issued to investors on Friday morning, BidAskClub reports.

A number of other research analysts also recently commented on GOOD. ValuEngine downgraded shares of Gladstone Commercial from a buy rating to a hold rating in a research note on Monday, July 22nd. Zacks Investment Research raised shares of Gladstone Commercial from a sell rating to a hold rating in a research note on Tuesday, October 29th. Finally, National Securities started coverage on shares of Gladstone Commercial in a research note on Monday, November 11th. They set a buy rating and a $25.00 price objective for the company. 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’s stock. The stock currently has an average rating of Hold and an average target price of $23.33.

Shares of NASDAQ GOOD traded up $0.08 during trading on Friday, hitting $22.96. 153,300 shares of the company were exchanged, compared to its average volume of 127,589. Gladstone Commercial has a 1 year low of $16.89 and a 1 year high of $23.98. The firm’s fifty day moving average price is $23.08 and its 200 day moving average price is $22.10. The company has a debt-to-equity ratio of 2.29, a current ratio of 16.37 and a quick ratio of 16.37. The company has a market cap of $710.46 million, a price-to-earnings ratio of 14.44 and a beta of 0.77.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.42). Gladstone Commercial had a net margin of 10.34% and a return on equity of 4.48%. The company had revenue of $28.67 million for the quarter, compared to analyst estimates of $29.18 million. On average, research analysts forecast that Gladstone Commercial will post 1.55 earnings per share for the current year.

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The firm also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 19th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, November 18th. Gladstone Commercial’s dividend payout ratio (DPR) is presently 94.34%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Albert D Mason Inc. increased its position in Gladstone Commercial by 0.9% during the 3rd quarter. Albert D Mason Inc. now owns 49,099 shares of the real estate investment trust’s stock worth $1,154,000 after purchasing an additional 450 shares in the last quarter. Meeder Asset Management Inc. increased its position in Gladstone Commercial by 47.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,824 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 590 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Gladstone Commercial by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 14,947 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 696 shares in the last quarter. Wedbush Securities Inc. increased its position in Gladstone Commercial by 4.2% during the 2nd quarter. Wedbush Securities Inc. now owns 23,756 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 950 shares in the last quarter. Finally, NEXT Financial Group Inc acquired a new stake in Gladstone Commercial during the 2nd quarter worth approximately $25,000. 56.14% 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 April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

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