Janney Montgomery Scott Starts Gladstone Commercial (GOOD) at Buy; Attractive Yield at a Discount

May 13, 2011 7:18 AM EDT
Get Alerts GOOD Hot Sheet
Price: $12.93 -2.34%

Rating Summary:
    8 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Janney Montgomery Scott initiates coverage on Gladstone Commercial (NASDAQ: GOOD) with a Buy. PT $20.

JMS analyst says, "Gladstone is a small and relatively unknown net-lease company within the REIT universe; we believe this relative anonymity represents an opportunity for yield-focused investors comfortable with GOOD's small-cap size and limited trading volume. We evaluate net-lease REITs on two major points: 1) the stability of current cash flows (which support the dividend) and 2) the likelihood of boosting cash flows (to grow the dividend)."

For more ratings news on Gladstone Commercial click here and for the rating history of Gladstone Commercial click here.

Shares of Gladstone Commercial closed at $18.74 yesterday.


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