StockNews.com Upgrades Gladstone Commercial (NASDAQ:GOOD) to "Buy"

StockNews.com upgraded shares of Gladstone Commercial (NASDAQ:GOOD - Free Report) from a hold rating to a buy rating in a report published on Tuesday.

Other equities analysts have also issued reports about the company. B. Riley reaffirmed a "neutral" rating and issued a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a "strong-buy" rating in a research report on Friday, October 4th.

Gladstone Commercial Trading Up 0.5 %

NASDAQ:GOOD traded up $0.09 during trading hours on Tuesday, hitting $16.87. 176,007 shares of the company were exchanged, compared to its average volume of 244,006. The company has a fifty day simple moving average of $16.64 and a 200 day simple moving average of $15.42. Gladstone Commercial has a one year low of $11.89 and a one year high of $17.88. The stock has a market capitalization of $740.93 million, a price-to-earnings ratio of 84.35, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial's dividend payout ratio is 600.00%.

Institutional Investors Weigh In On Gladstone Commercial

Several large investors have recently added to or reduced their stakes in the business. Barclays PLC increased its position in Gladstone Commercial by 323.4% in the 3rd quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust's stock valued at $1,009,000 after buying an additional 47,456 shares in the last quarter. Geode Capital Management LLC increased its position in Gladstone Commercial by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust's stock valued at $17,837,000 after buying an additional 34,017 shares in the last quarter. State Street Corp increased its position in Gladstone Commercial by 3.6% in the 3rd quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust's stock valued at $17,074,000 after buying an additional 36,616 shares in the last quarter. ClearAlpha Technologies LP bought a new stake in Gladstone Commercial in the 3rd quarter valued at about $375,000. Finally, Martingale Asset Management L P bought a new stake in Gladstone Commercial in the 3rd quarter valued at about $947,000. Institutional investors and hedge funds own 45.51% of the company's stock.

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.