Gladstone Commercial (GOOD) Stock Rating Lowered by BidaskClub

Gladstone Commercial (NASDAQ:GOOD) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Other equities analysts have also issued reports about the stock. TheStreet lowered shares of Gladstone Commercial from a “c” rating to a “d+” rating in a research note on Tuesday, March 27th. ValuEngine lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. B. Riley set a $19.00 target price on shares of Gladstone Commercial and gave the stock a “hold” rating in a research note on Thursday, February 15th. Zacks Investment Research cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Hilliard Lyons raised shares of Gladstone Commercial from a “neutral” rating to a “long” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Gladstone Commercial has an average rating of “Hold” and an average price target of $21.50.

Shares of NASDAQ GOOD opened at $18.06 on Wednesday. The firm has a market capitalization of $508.23 million, a P/E ratio of 11.69, a P/E/G ratio of 1.89 and a beta of 0.78. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.99 and a quick ratio of 0.99. Gladstone Commercial has a 1-year low of $17.81 and a 1-year high of $18.12.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Wednesday, February 14th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.54). The company had revenue of $25.25 million during the quarter, compared to analyst estimates of $24.24 million. Gladstone Commercial had a return on equity of 2.40% and a net margin of 6.26%. sell-side analysts expect that Gladstone Commercial will post 1.58 earnings per share for the current year.

In other Gladstone Commercial news, CFO Michael Sodo purchased 2,000 shares of the business’s stock in a transaction on Friday, May 4th. The shares were purchased at an average cost of $18.00 per share, with a total value of $36,000.00. Following the transaction, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at approximately $90,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Gladstone purchased 17,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were acquired at an average cost of $17.50 per share, for a total transaction of $297,500.00. Following the completion of the transaction, the chief executive officer now directly owns 466,564 shares in the company, valued at $8,164,870. The disclosure for this purchase can be found here. Insiders have acquired a total of 24,371 shares of company stock worth $429,299 over the last three months. Insiders own 1.98% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Swiss National Bank raised its holdings in shares of Gladstone Commercial by 10.3% in the 4th quarter. Swiss National Bank now owns 47,100 shares of the real estate investment trust’s stock valued at $992,000 after purchasing an additional 4,400 shares during the period. American Century Companies Inc. bought a new stake in shares of Gladstone Commercial in the 4th quarter valued at about $912,000. RMR Advisors LLC raised its holdings in shares of Gladstone Commercial by 263.0% in the 4th quarter. RMR Advisors LLC now owns 82,564 shares of the real estate investment trust’s stock valued at $1,739,000 after purchasing an additional 59,822 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Gladstone Commercial by 6.1% in the 4th quarter. Renaissance Technologies LLC now owns 2,428,399 shares of the real estate investment trust’s stock valued at $51,142,000 after purchasing an additional 139,729 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Gladstone Commercial by 2.7% in the 4th quarter. BlackRock Inc. now owns 2,183,087 shares of the real estate investment trust’s stock valued at $45,975,000 after purchasing an additional 57,563 shares during the period. 55.69% of the stock is currently 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 January 2018, Gladstone Commercial has paid 156 consecutive monthly cash distributions on its common stock.

Analyst Recommendations for Gladstone Commercial (NASDAQ:GOOD)

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