Gladstone Commercial (NASDAQ:GOOD) Lowered to "Strong Sell" Rating by Zacks Research

Key Points

• Gladstone Commercial has been downgraded from a "hold" to a "strong sell" rating by Zacks Research, highlighting growing concerns about the stock's performance.
• The company reported earnings per share of $0.35 for the last quarter, meeting expectations, but its stock price has declined slightly, opening at $11.44.
• A significant portion of the company’s stock, around 45.51%, is held by hedge funds and institutional investors, indicating substantial institutional interest despite the downgrade.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Wall Street Zen cut Gladstone Commercial from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Gladstone Commercial in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce".

Gladstone Commercial Stock Down 0.4%

NASDAQ GOOD opened at $11.44 on Wednesday. The business has a fifty day moving average price of $12.54 and a 200 day moving average price of $13.49. Gladstone Commercial has a one year low of $11.26 and a one year high of $17.88. The company has a debt-to-equity ratio of 4.50, a quick ratio of 2.91 and a current ratio of 2.91. The company has a market cap of $532.65 million, a P/E ratio of 31.78, a P/E/G ratio of 1.30 and a beta of 1.11.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $39.53 million during the quarter, compared to analysts' expectations of $38.32 million. Gladstone Commercial had a return on equity of 16.37% and a net margin of 18.67%. Research analysts anticipate that Gladstone Commercial will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Gladstone Commercial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. boosted its holdings in Gladstone Commercial by 6.7% during the 3rd quarter. D.A. Davidson & CO. now owns 28,791 shares of the real estate investment trust's stock valued at $355,000 after acquiring an additional 1,818 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Gladstone Commercial during the 3rd quarter valued at about $123,000. CWM LLC boosted its holdings in Gladstone Commercial by 24.3% during the 3rd quarter. CWM LLC now owns 12,095 shares of the real estate investment trust's stock valued at $149,000 after acquiring an additional 2,367 shares during the period. Inspire Investing LLC purchased a new position in Gladstone Commercial during the 3rd quarter valued at about $455,000. Finally, Tritonpoint Wealth LLC boosted its holdings in Gladstone Commercial by 41.3% during the 3rd quarter. Tritonpoint Wealth LLC now owns 20,535 shares of the real estate investment trust's stock valued at $253,000 after acquiring an additional 6,000 shares during the period. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

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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