Gladstone Commercial (NASDAQ:GOOD) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Gladstone Commercial's stock received a "Hold (C)" rating from Weiss Ratings while Wall Street Zen downgraded it to a "Sell" rating, reflecting mixed sentiments among analysts.
• The company's stock opened at $11.47, with a market capitalization of $534.04 million and a consensus price target of $15.00.
• Gladstone Commercial reported earnings per share of $0.35, meeting analysts' expectations, with revenue surpassing estimates at $39.53 million for the quarter.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Gladstone Commercial from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Gladstone Commercial has a consensus rating of "Hold" and a consensus price target of $15.00.

Gladstone Commercial Stock Performance

Gladstone Commercial stock opened at $11.47 on Wednesday. The firm's 50 day simple moving average is $12.90 and its 200 day simple moving average is $13.73. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 4.50. The firm has a market capitalization of $534.04 million, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11. Gladstone Commercial has a 1-year low of $11.31 and a 1-year high of $17.88.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The business had revenue of $39.53 million for the quarter, compared to analyst estimates of $38.32 million. Gladstone Commercial had a net margin of 18.67% and a return on equity of 16.37%. As a group, analysts expect that Gladstone Commercial will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gladstone Commercial

A number of large investors have recently added to or reduced their stakes in GOOD. Loomis Sayles & Co. L P grew its holdings in Gladstone Commercial by 249.7% in the 2nd quarter. Loomis Sayles & Co. L P now owns 1,759 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 1,256 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Gladstone Commercial in the 1st quarter worth about $26,000. EverSource Wealth Advisors LLC lifted its position in shares of Gladstone Commercial by 751.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 1,578 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Gladstone Commercial by 67.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,189 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 1,684 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Gladstone Commercial by 199.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,354 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 2,899 shares during the period. Institutional investors own 45.51% of the company's stock.

About Gladstone Commercial

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.

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