Gladstone Commercial (NASDAQ:GOOD) Stock Keeps Neutral Rating at B. Riley Financial

Key Points

• B. Riley reaffirmed its neutral rating on Gladstone Commercial but cut its price target to $11.50 from $12.50, implying 3.75% upside from the prior close.
• Analyst sentiment remains cautious: the consensus rating is “Hold,” with an average price target of $12.50.
• Gladstone Commercial reported a quarterly loss of $0.11 per share, missing the $0.03-per-share consensus estimate; revenue also came in slightly below expectations.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at B. Riley Financial in a research report issued on Wednesday, Benzinga reports. They currently have a $11.50 price target on the real estate investment trust's stock, down from their prior price target of $12.50. B. Riley Financial's price objective indicates a potential upside of 3.75% from the company's previous close.

Other equities analysts have also issued reports about the company. Huntington initiated coverage on Gladstone Commercial in a report on Wednesday, July 15th. They issued a "market perform" rating and a $13.00 price objective for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Gladstone Commercial in a research note on Monday, August 24th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $12.50.

Gladstone Commercial Stock Performance

NASDAQ GOOD traded down $0.45 on Wednesday, hitting $11.08. The stock had a trading volume of 203,632 shares, compared to its average volume of 467,892. Gladstone Commercial has a one year low of $10.33 and a one year high of $13.28. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 5.43. The stock has a market cap of $536.58 million, a price-to-earnings ratio of 42.58 and a beta of 1.09. The company's 50-day moving average is $12.53 and its two-hundred day moving average is $12.38.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $42.42 million during the quarter, compared to analyst estimates of $42.56 million. Gladstone Commercial had a net margin of 14.55% and a return on equity of 14.61%. On average, analysts expect that Gladstone Commercial will post 1.39 earnings per share for the current year.

Institutional Trading of Gladstone Commercial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CX Institutional acquired a new position in shares of Gladstone Commercial during the third quarter valued at approximately $29,000. Fortitude Family Office LLC lifted its position in Gladstone Commercial by 6,177.8% in the third quarter. Fortitude Family Office LLC now owns 2,260 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 2,224 shares during the period. Trust Co. of Vermont acquired a new stake in Gladstone Commercial in the second quarter worth approximately $40,000. GAMMA Investing LLC lifted its position in Gladstone Commercial by 218.3% in the third quarter. GAMMA Investing LLC now owns 3,231 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 2,216 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new position in Gladstone Commercial during the 1st quarter valued at $46,000. 45.51% of the stock is currently owned by institutional investors.

About Gladstone Commercial

Gladstone Commercial Corporation NASDAQ: GOOD is a real estate investment trust (REIT) that owns, acquires, and manages income-producing commercial properties in the United States. The company primarily focuses on office and industrial real estate, including business parks, office buildings, manufacturing facilities, distribution properties, and other commercial assets.

Gladstone Commercial generally leases its properties to businesses under long-term agreements, with the goal of generating recurring rental income.

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