Shares of Gladstone Commercial Co. (NASDAQ:GOOD) have been assigned a consensus broker rating score of 0.00 () from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a buy rating to the company.
Brokers have set a 12 month consensus target price of $23.50 for the company, according to Zacks. Zacks has also given Gladstone Commercial an industry rank of 158 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Tuesday, November 29th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in Gladstone Commercial by 22.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,735,200 shares of the real estate investment trust’s stock worth $34,878,000 after buying an additional 319,653 shares during the period. Albert D Mason Inc. raised its position in Gladstone Commercial by 83.5% in the third quarter. Albert D Mason Inc. now owns 158,516 shares of the real estate investment trust’s stock worth $2,953,000 after buying an additional 72,108 shares during the period. LSV Asset Management raised its position in Gladstone Commercial by 32.8% in the third quarter. LSV Asset Management now owns 216,918 shares of the real estate investment trust’s stock worth $4,041,000 after buying an additional 53,556 shares during the period. Two Sigma Investments LP raised its position in Gladstone Commercial by 43.1% in the fourth quarter. Two Sigma Investments LP now owns 170,517 shares of the real estate investment trust’s stock worth $3,427,000 after buying an additional 51,393 shares during the period. Finally, State Street Corp raised its position in Gladstone Commercial by 12.0% in the fourth quarter. State Street Corp now owns 385,589 shares of the real estate investment trust’s stock worth $7,750,000 after buying an additional 41,451 shares during the period. 42.54% of the stock is currently owned by institutional investors and hedge funds.
Gladstone Commercial (NASDAQ:GOOD) opened at 19.88 on Tuesday. The company has a 50-day moving average price of $20.02 and a 200 day moving average price of $19.06. Gladstone Commercial has a 52 week low of $15.92 and a 52 week high of $21.09. The company’s market cap is $496.54 million.
The firm also recently announced a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 22nd will be paid a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date is Monday, March 20th. Gladstone Commercial’s dividend payout ratio (DPR) is -1,666.67%.
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About Gladstone Commercial
Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.
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