Gladstone Commercial (NASDAQ:GOOD) Stock Rating Upgraded by Wall Street Zen

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

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

Gladstone Commercial Stock Up 4.5%

GOOD stock opened at $12.55 on Friday. The company has a market cap of $607.55 million, a price-to-earnings ratio of 89.64 and a beta of 1.11. The company has a fifty day moving average price of $11.27 and a 200 day moving average price of $11.75. The company has a debt-to-equity ratio of 4.92, a current ratio of 5.36 and a quick ratio of 4.31. Gladstone Commercial has a 12 month low of $10.33 and a 12 month high of $16.40.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.31). Gladstone Commercial had a return on equity of 10.75% and a net margin of 11.95%.The business had revenue of $43.46 million for the quarter, compared to analysts’ expectations of $41.23 million. Sell-side analysts expect that Gladstone Commercial will post 1.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its position in shares of Gladstone Commercial by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 121,125 shares of the real estate investment trust’s stock valued at $1,814,000 after acquiring an additional 1,907 shares during the period. Millennium Management LLC increased its stake in Gladstone Commercial by 525.8% in the 1st quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust’s stock valued at $3,838,000 after purchasing an additional 215,245 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Gladstone Commercial in the 1st quarter valued at approximately $205,000. Jane Street Group LLC acquired a new position in Gladstone Commercial during the first quarter worth $1,805,000. Finally, Strs Ohio purchased a new stake in Gladstone Commercial during the first quarter worth $120,000. 45.51% of the stock is currently owned by institutional investors and hedge funds.

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.