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

Gladstone Commercial (NASDAQ:GOOD)‘s stock had its “neutral” rating reaffirmed by research analysts at B. Riley Financial in a research report issued on Wednesday, Benzinga reports. They currently have a $11.50 target price on the real estate investment trust’s stock, down from their prior target price of $12.50. B. Riley Financial‘s price target would suggest a potential upside of 3.75% from the stock’s previous close.

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

Gladstone Commercial Price Performance

NASDAQ:GOOD traded down $0.45 during mid-day trading on Wednesday, reaching $11.08. 203,632 shares of the stock were exchanged, compared to its average volume of 467,892. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 5.43. The business has a fifty day moving average price of $12.53 and a 200 day moving average price of $12.38. Gladstone Commercial has a 1-year low of $10.33 and a 1-year high of $13.28. The firm has a market capitalization of $536.58 million, a PE ratio of 42.58 and a beta of 1.09.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GOOD. BlackRock Inc. acquired a new position in shares of Gladstone Commercial during the 2nd quarter valued at about $55,101,000. Dimensional Fund Advisors LP raised its stake in shares of Gladstone Commercial by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 657,267 shares of the real estate investment trust’s stock valued at $7,512,000 after acquiring an additional 21,502 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Gladstone Commercial in the 2nd quarter valued at approximately $2,648,000. Quantinno Capital Management LP lifted its holdings in Gladstone Commercial by 24.7% in the 1st quarter. Quantinno Capital Management LP now owns 182,555 shares of the real estate investment trust’s stock worth $2,087,000 after purchasing an additional 36,156 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Gladstone Commercial by 4.2% in the 1st quarter. Swiss National Bank now owns 95,700 shares of the real estate investment trust’s stock worth $1,094,000 after purchasing an additional 3,900 shares during the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Company Profile

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.