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. “
Separately, StockNews.com began coverage on Gladstone Commercial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Gladstone Commercial has a consensus rating of “Buy” and a consensus price target of $25.50.
Large investors have recently bought and sold shares of the stock. Wilen Investment Management CORP. acquired a new position in Gladstone Commercial in the fourth quarter worth about $37,000. CWM LLC bought a new position in Gladstone Commercial in the fourth quarter worth about $43,000. National Bank of Canada FI bought a new position in Gladstone Commercial in the fourth quarter worth about $57,000. Cornerstone Advisory LLC bought a new position in Gladstone Commercial in the fourth quarter worth about $70,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Gladstone Commercial by 530.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,150 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 2,650 shares during the last quarter. Institutional investors and hedge funds own 50.80% of the company’s stock.
Gladstone Commercial Company Profile (Get Rating)
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 September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock.
- Get a free copy of the StockNews.com research report on Gladstone Commercial (GOOD)
- Does PNC Financial Stock Belong in Your Portfolio?
- Institutional Buying Puts A Bottom In Manpower Group Inc
- Workhorse Johnson & Johnson Plows New All-Time Highs
- Fastenal Stock is Ready to Sprint Higher
- J.B. Hunt Transportation Services Fires On All Cylinders
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with MarketBeat.com's FREE daily email newsletter.