Gladstone Commercial Corporation (GOOD) Lowered to “Hold” at Zacks Investment Research

Gladstone Commercial Corporation (NASDAQ:GOOD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, May 12th.

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, Hilliard Lyons lowered shares of Gladstone Commercial Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 3rd.

Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) traded down 0.36% on Friday, hitting $21.95. The stock had a trading volume of 281,661 shares. The stock has a 50 day moving average price of $20.91 and a 200-day moving average price of $20.35. Gladstone Commercial Corporation has a 12-month low of $16.02 and a 12-month high of $23.35. The company’s market cap is $553.03 million.

Gladstone Commercial Corporation (NASDAQ:GOOD) last issued its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. The firm had revenue of $22.31 million during the quarter. Gladstone Commercial Corporation had a net margin of 8.56% and a return on equity of 3.22%. On average, equities analysts expect that Gladstone Commercial Corporation will post $0.01 earnings per share for the current year.

The company also recently announced a monthly dividend, which was paid on Wednesday, May 31st. Investors of record on Friday, May 19th were issued a $0.125 dividend. The ex-dividend date was Wednesday, May 17th. This represents a $1.50 annualized dividend and a yield of 6.83%. Gladstone Commercial Corporation’s dividend payout ratio (DPR) is presently -2,142.55%.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of Gladstone Commercial Corporation by 22.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,735,200 shares of the real estate investment trust’s stock valued at $34,878,000 after buying an additional 319,653 shares during the period. Two Sigma Investments LP raised its stake in Gladstone Commercial Corporation by 43.1% in the fourth quarter. Two Sigma Investments LP now owns 170,517 shares of the real estate investment trust’s stock valued at $3,427,000 after buying an additional 51,393 shares in the last quarter. Vanguard Group Inc. raised its stake in Gladstone Commercial Corporation by 1.6% in the first quarter. Vanguard Group Inc. now owns 2,829,136 shares of the real estate investment trust’s stock valued at $58,479,000 after buying an additional 45,109 shares in the last quarter. State Street Corp raised its stake in Gladstone Commercial Corporation by 12.0% in the fourth quarter. State Street Corp now owns 385,589 shares of the real estate investment trust’s stock valued at $7,750,000 after buying an additional 41,451 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Gladstone Commercial Corporation by 68.9% in the third quarter. Prudential Financial Inc. now owns 84,642 shares of the real estate investment trust’s stock valued at $1,577,000 after buying an additional 34,514 shares in the last quarter. Hedge funds and other institutional investors own 53.31% of the company’s stock.

Gladstone Commercial Corporation Company Profile

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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