Gladstone Commercial (NASDAQ:GOOD) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating in a report issued on Thursday.
GOOD has been the topic of a number of other research reports. Boenning Scattergood initiated coverage on shares of Gladstone Commercial in a research note on Tuesday, July 10th. They set an “outperform” rating and a $21.00 target price on the stock. ValuEngine raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. TheStreet raised shares of Gladstone Commercial from a “d+” rating to a “c-” rating in a research note on Tuesday, July 3rd. Zacks Investment Research raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Gladstone Commercial in a research note on Tuesday, July 31st. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $21.13.
Shares of GOOD opened at $19.76 on Thursday. The stock has a market cap of $565.25 million, a PE ratio of 13.00, a P/E/G ratio of 2.07 and a beta of 0.82. The company has a debt-to-equity ratio of 2.16, a quick ratio of 6.93 and a current ratio of 6.93. Gladstone Commercial has a 1-year low of $16.78 and a 1-year high of $23.29.
Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Monday, July 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.41). The company had revenue of $26.59 million for the quarter, compared to the consensus estimate of $26.49 million. Gladstone Commercial had a net margin of 7.85% and a return on equity of 3.08%. research analysts expect that Gladstone Commercial will post 1.59 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new position in Gladstone Commercial during the 1st quarter valued at about $101,000. SG Americas Securities LLC purchased a new position in Gladstone Commercial during the 2nd quarter valued at about $124,000. Great West Life Assurance Co. Can lifted its position in Gladstone Commercial by 83.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 7,817 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 3,553 shares during the period. First Republic Investment Management Inc. purchased a new position in Gladstone Commercial during the 1st quarter valued at about $202,000. Finally, MetLife Investment Advisors LLC purchased a new position in Gladstone Commercial in the fourth quarter worth about $279,000. 54.80% of the stock is owned by institutional investors.
Gladstone Commercial Company Profile
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 2018, Gladstone Commercial has paid 159 consecutive monthly cash distributions on its common stock.
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