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. “
A number of other analysts have also recently issued reports on GOOD. National Securities assumed coverage on shares of Gladstone Commercial in a research note on Monday, November 11th. They issued a “buy” rating and a $25.00 target price for the company. BidaskClub upgraded shares of Gladstone Commercial from a “strong sell” rating to a “sell” rating in a report on Saturday, November 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Gladstone Commercial has a consensus rating of “Hold” and an average target price of $23.33.
Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.42). Gladstone Commercial had a net margin of 10.34% and a return on equity of 4.48%. The firm had revenue of $28.67 million during the quarter, compared to the consensus estimate of $29.18 million. On average, equities research analysts expect that Gladstone Commercial will post 1.55 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the business. NEXT Financial Group Inc bought a new stake in shares of Gladstone Commercial during the 2nd quarter worth about $25,000. Phocas Financial Corp. bought a new position in shares of Gladstone Commercial in the 2nd quarter valued at approximately $3,196,000. Meeder Asset Management Inc. lifted its holdings in Gladstone Commercial by 47.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,824 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 590 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in Gladstone Commercial in the 2nd quarter worth approximately $42,000. Finally, Bank of Montreal Can boosted its position in Gladstone Commercial by 87.3% during the second quarter. Bank of Montreal Can now owns 5,451 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 2,540 shares during the period. 57.20% of the stock is owned by institutional investors.
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 April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.
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