Gladstone Commercial (NASDAQ:GOOD)‘s stock had its “neutral” rating reiterated by equities research analysts at B. Riley in a research note issued on Monday. They presently have a $19.00 price target on the real estate investment trust’s stock. B. Riley’s price target would suggest a potential upside of 7.53% from the company’s previous close.
A number of other analysts have also recently issued reports on GOOD. BidaskClub raised Gladstone Commercial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 7th. ValuEngine cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial in a research report on Friday, December 1st. Hilliard Lyons raised Gladstone Commercial from a “neutral” rating to a “long” rating in a research report on Friday, February 16th. Finally, Zacks Investment Research raised Gladstone Commercial from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.50.
Shares of Gladstone Commercial (NASDAQ:GOOD) opened at $17.67 on Monday. The stock has a market capitalization of $502.18, a PE ratio of -103.94, a P/E/G ratio of 1.83 and a beta of 0.83. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.43 and a quick ratio of 1.43. Gladstone Commercial has a 1 year low of $16.78 and a 1 year high of $23.35.
Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Wednesday, February 14th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.54). The firm had revenue of $25.25 million during the quarter, compared to analyst estimates of $24.24 million. Gladstone Commercial had a net margin of 6.26% and a return on equity of 2.36%. research analysts anticipate that Gladstone Commercial will post 1.61 earnings per share for the current year.
In related news, CEO David Gladstone acquired 17,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was bought at an average cost of $17.50 per share, with a total value of $297,500.00. Following the transaction, the chief executive officer now owns 466,564 shares of the company’s stock, valued at $8,164,870. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 21,200 shares of company stock valued at $374,976 over the last ninety days. 2.21% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of GOOD. QS Investors LLC purchased a new position in shares of Gladstone Commercial during the 4th quarter worth approximately $133,000. Teacher Retirement System of Texas purchased a new position in shares of Gladstone Commercial during the 4th quarter worth approximately $201,000. CAPROCK Group Inc. purchased a new position in shares of Gladstone Commercial during the 4th quarter worth approximately $202,000. MetLife Investment Advisors LLC purchased a new position in shares of Gladstone Commercial during the 4th quarter worth approximately $279,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Gladstone Commercial during the 3rd quarter worth approximately $285,000. 53.84% of the stock is owned by institutional investors.
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About Gladstone Commercial
Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.
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