Gladstone Commercial (NASDAQ:GOOD) Upgraded at Wall Street Zen

Gladstone Commercial (NASDAQ:GOOD) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts have also issued reports on the company. Zacks Research raised Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Loop Capital set a $13.00 price target on shares of Gladstone Commercial in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Gladstone Commercial in a research note on Monday, December 29th. Finally, B. Riley Financial reaffirmed a “neutral” rating and set a $11.00 target price (down from $12.00) on shares of Gladstone Commercial in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.00.

Gladstone Commercial Price Performance

Gladstone Commercial stock opened at $12.55 on Friday. The company’s 50 day simple moving average is $11.27 and its 200-day simple moving average is $11.75. The company has a debt-to-equity ratio of 4.92, a quick ratio of 4.31 and a current ratio of 5.36. Gladstone Commercial has a 1 year low of $10.33 and a 1 year high of $16.40. The company has a market capitalization of $607.55 million, a price-to-earnings ratio of 89.64 and a beta of 1.11.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.31). Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%. The company had revenue of $43.46 million during the quarter, compared to analyst estimates of $41.23 million. As a group, equities research analysts expect that Gladstone Commercial will post 1.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GOOD. Loomis Sayles & Co. L P lifted its position in Gladstone Commercial by 249.7% in the second quarter. Loomis Sayles & Co. L P now owns 1,759 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,256 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Gladstone Commercial by 751.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,578 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Gladstone Commercial in the 4th quarter valued at about $25,000. Advisory Services Network LLC purchased a new stake in shares of Gladstone Commercial in the 3rd quarter valued at about $34,000. Finally, Danske Bank A S acquired a new stake in shares of Gladstone Commercial in the 4th quarter valued at about $30,000. 45.51% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Company Profile

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.