Gladstone Commercial (GOOD) Cut to Sell at Zacks Investment Research

Gladstone Commercial (NASDAQ:GOOD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

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. “

Several other research firms have also recently commented on GOOD. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial in a research note on Friday, December 1st. B. Riley initiated coverage on Gladstone Commercial in a research note on Thursday, February 8th. They set a “neutral” rating and a $19.00 target price for the company. BidaskClub cut Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, ValuEngine cut Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.50.

Gladstone Commercial (GOOD) traded down $0.37 during midday trading on Wednesday, reaching $17.28. The company had a trading volume of 199,199 shares, compared to its average volume of 188,932. Gladstone Commercial has a fifty-two week low of $17.09 and a fifty-two week high of $23.35. The firm has a market capitalization of $478.75, a PE ratio of -432.00, a P/E/G ratio of 1.86 and a beta of 0.75. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.78.

Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.40. Gladstone Commercial had a return on equity of 3.96% and a net margin of 10.59%. sell-side analysts predict that Gladstone Commercial will post 1.53 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. QS Investors LLC bought a new position in Gladstone Commercial in the fourth quarter worth approximately $133,000. Teacher Retirement System of Texas bought a new position in Gladstone Commercial in the fourth quarter worth approximately $201,000. CAPROCK Group Inc. bought a new position in Gladstone Commercial in the fourth quarter worth approximately $202,000. Virginia Retirement Systems ET AL bought a new position in Gladstone Commercial in the third quarter worth approximately $285,000. Finally, Voya Investment Management LLC boosted its holdings in Gladstone Commercial by 13.2% in the second quarter. Voya Investment Management LLC now owns 14,447 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 1,680 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

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Gladstone Commercial 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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