Gladstone Commercial (NASDAQ:GOOD) Research Coverage Started at Huntington

Huntington assumed coverage on shares of Gladstone Commercial (NASDAQ:GOOD) in a research report report published on Wednesday, Marketbeat.com reports. The firm issued a market perform rating and a $13.00 price target on the real estate investment trust’s stock.

Separately, Weiss Ratings upgraded shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Gladstone Commercial has a consensus rating of “Hold” and a consensus price target of $12.83.

Gladstone Commercial Trading Down 0.5%

Shares of GOOD stock opened at $13.10 on Wednesday. Gladstone Commercial has a fifty-two week low of $10.33 and a fifty-two week high of $13.88. The company has a debt-to-equity ratio of 5.13, a quick ratio of 4.03 and a current ratio of 4.03. The stock has a 50 day simple moving average of $12.52 and a two-hundred day simple moving average of $12.09. The company has a market cap of $634.17 million, a P/E ratio of 72.78 and a beta of 1.07.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.30. The firm had revenue of $41.91 million for the quarter, compared to analysts’ expectations of $42.94 million. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%. Research analysts forecast that Gladstone Commercial will post 1.41 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.10 dividend. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a yield of 9.2%. Gladstone Commercial’s dividend payout ratio is presently 666.67%.

Institutional Investors Weigh In On Gladstone Commercial

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of Gladstone Commercial by 27.6% during the first quarter. Bank of America Corp DE now owns 64,448 shares of the real estate investment trust’s stock worth $737,000 after purchasing an additional 13,936 shares during the period. Quantinno Capital Management LP grew its position in Gladstone Commercial by 24.7% in the 1st quarter. Quantinno Capital Management LP now owns 182,555 shares of the real estate investment trust’s stock valued at $2,087,000 after purchasing an additional 36,156 shares during the period. PNC Financial Services Group Inc. grew its position in Gladstone Commercial by 49.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,562 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 4,134 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Gladstone Commercial during the 1st quarter valued at $46,000. Finally, Dimensional Fund Advisors LP increased its stake in Gladstone Commercial by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 657,267 shares of the real estate investment trust’s stock valued at $7,512,000 after purchasing an additional 21,502 shares in the last quarter. 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 (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.