Gladstone Commercial (NASDAQ:GOOD) Upgraded to Buy by StockNews.com

Gladstone Commercial (NASDAQ:GOOD) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Separately, Alliance Global Partners assumed coverage on Gladstone Commercial in a research note on Monday, March 18th. They issued a “buy” rating and a $15.50 price objective for the company.

Gladstone Commercial Trading Up 1.1 %

NASDAQ GOOD traded up $0.15 during trading on Friday, hitting $14.27. The stock had a trading volume of 845,688 shares, compared to its average volume of 231,928. The company has a market capitalization of $571.51 million, a PE ratio of -75.11, a PEG ratio of 1.70 and a beta of 1.17. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 4.85. The firm has a 50 day moving average price of $14.11 and a 200 day moving average price of $13.46. Gladstone Commercial has a twelve month low of $11.40 and a twelve month high of $15.04.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.33). The company had revenue of $35.72 million during the quarter, compared to analysts’ expectations of $36.41 million. Gladstone Commercial had a net margin of 3.60% and a return on equity of 3.19%. As a group, equities research analysts forecast that Gladstone Commercial will post 1.36 earnings per share for the current year.

Hedge Funds Weigh In On Gladstone Commercial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOOD. Vanguard Group Inc. boosted its holdings in shares of Gladstone Commercial by 1.3% in the first quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock valued at $55,999,000 after acquiring an additional 53,802 shares during the period. Invesco Ltd. boosted its holdings in shares of Gladstone Commercial by 2.3% in the third quarter. Invesco Ltd. now owns 771,704 shares of the real estate investment trust’s stock valued at $9,384,000 after acquiring an additional 17,436 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Gladstone Commercial by 2,656.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 528,301 shares of the real estate investment trust’s stock valued at $6,995,000 after acquiring an additional 509,133 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Gladstone Commercial by 28.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 193,818 shares of the real estate investment trust’s stock valued at $2,566,000 after acquiring an additional 42,404 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Gladstone Commercial by 13.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 160,270 shares of the real estate investment trust’s stock valued at $2,218,000 after acquiring an additional 18,587 shares during the period. 45.51% 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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.