Zacks Research Upgrades Gladstone Commercial (NASDAQ:GOOD) to Hold

Gladstone Commercial (NASDAQ:GOOD) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

GOOD has been the topic of a number of other reports. Loop Capital set a $13.00 price target on Gladstone Commercial in a report on Wednesday, November 5th. B. Riley reiterated a “neutral” rating and set a $11.00 price objective (down previously from $12.00) on shares of Gladstone Commercial in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Gladstone Commercial in a report on Monday. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.00.

Gladstone Commercial Trading Down 2.4%

Shares of GOOD stock opened at $10.38 on Monday. The company has a debt-to-equity ratio of 4.58, a quick ratio of 4.31 and a current ratio of 4.31. The stock has a fifty day simple moving average of $11.04 and a two-hundred day simple moving average of $12.55. The firm has a market capitalization of $502.39 million, a PE ratio of 57.67 and a beta of 1.10. Gladstone Commercial has a 52-week low of $10.36 and a 52-week high of $16.63.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). The business had revenue of $40.84 million during the quarter, compared to analysts’ expectations of $40.10 million. Gladstone Commercial had a net margin of 13.59% and a return on equity of 11.77%. On average, analysts predict that Gladstone Commercial will post 1.45 EPS for the current fiscal year.

Insider Activity

In other news, CFO Gary Gerson acquired 7,600 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average cost of $11.05 per share, with a total value of $83,980.00. Following the acquisition, the chief financial officer directly owned 23,200 shares of the company’s stock, valued at approximately $256,360. The trade was a 48.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders purchased 8,500 shares of company stock worth $93,751. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gladstone Commercial

Several large investors have recently bought and sold shares of the business. Nuveen LLC purchased a new stake in Gladstone Commercial during the first quarter valued at $1,668,000. Quantbot Technologies LP bought a new stake in shares of Gladstone Commercial in the 1st quarter worth about $288,000. State of Wyoming raised its position in shares of Gladstone Commercial by 7.2% during the 1st quarter. State of Wyoming now owns 17,391 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 1,170 shares in the last quarter. Quarry LP lifted its holdings in shares of Gladstone Commercial by 99.1% in the 1st quarter. Quarry LP now owns 5,928 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 2,951 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in Gladstone Commercial in the first quarter worth about $169,000. Institutional investors own 45.51% of the company’s stock.

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.