Gladstone Commercial (NASDAQ:GOOD) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.
Other equities research analysts also recently issued research reports about the company. ValuEngine raised Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. TheStreet raised Gladstone Commercial from a “d+” rating to a “c-” rating in a report on Tuesday, July 3rd. DA Davidson reaffirmed a “buy” rating on shares of Gladstone Commercial in a report on Tuesday, July 31st. Boenning Scattergood started coverage on Gladstone Commercial in a report on Tuesday, July 10th. They set an “outperform” rating and a $21.00 price target for the company. Finally, Wedbush downgraded Gladstone Commercial from an “outperform” rating to a “neutral” rating in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.13.
NASDAQ GOOD opened at $18.12 on Thursday. The company has a market capitalization of $548.91 million, a PE ratio of 11.92, a P/E/G ratio of 2.00 and a beta of 0.81. The company has a debt-to-equity ratio of 2.16, a current ratio of 6.93 and a quick ratio of 6.93. Gladstone Commercial has a 12 month low of $16.78 and a 12 month high of $23.29.
Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Monday, July 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.41). The company had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.49 million. Gladstone Commercial had a net margin of 7.85% and a return on equity of 3.08%. On average, sell-side analysts forecast that Gladstone Commercial will post 1.59 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in GOOD. SG Americas Securities LLC bought a new position in Gladstone Commercial during the 2nd quarter worth $124,000. Schwab Charles Investment Management Inc. increased its position in Gladstone Commercial by 35.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 344,292 shares of the real estate investment trust’s stock worth $5,971,000 after buying an additional 90,180 shares during the period. Citadel Advisors LLC increased its position in Gladstone Commercial by 44.2% during the 2nd quarter. Citadel Advisors LLC now owns 200,165 shares of the real estate investment trust’s stock worth $3,846,000 after buying an additional 61,323 shares during the period. Dimensional Fund Advisors LP increased its position in Gladstone Commercial by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 393,900 shares of the real estate investment trust’s stock worth $6,830,000 after buying an additional 9,087 shares during the period. Finally, New York State Common Retirement Fund increased its position in Gladstone Commercial by 14.4% during the 1st quarter. New York State Common Retirement Fund now owns 30,900 shares of the real estate investment trust’s stock worth $536,000 after buying an additional 3,900 shares during the period. 53.96% of the stock is owned by institutional investors and hedge funds.
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 July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.
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