Gladstone Commercial (NASDAQ:GOOD) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Gladstone Commercial from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Wednesday, July 4th. ValuEngine upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. Wedbush began coverage on Gladstone Commercial in a research report on Thursday, July 26th. They issued an “outperform” rating and a $21.50 target price on the stock. TheStreet upgraded Gladstone Commercial from a “d+” rating to a “c-” rating in a research report on Tuesday, July 3rd. Finally, DA Davidson reiterated a “buy” rating on shares of Gladstone Commercial in a research report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.13.

Shares of NASDAQ GOOD opened at $18.12 on Thursday. The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 2.16. Gladstone Commercial has a 52 week low of $16.78 and a 52 week high of $23.29. The firm has a market capitalization of $548.91 million, a P/E ratio of 11.92, a P/E/G ratio of 2.00 and a beta of 0.81.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Monday, July 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.41). Gladstone Commercial had a return on equity of 3.08% and a net margin of 7.85%. The company had revenue of $26.59 million during the quarter, compared to the consensus estimate of $26.49 million. As a group, equities analysts anticipate that Gladstone Commercial will post 1.59 EPS for the current year.

Several hedge funds have recently made changes to their positions in GOOD. Wells Fargo & Company MN boosted its stake in shares of Gladstone Commercial by 2.3% during the first quarter. Wells Fargo & Company MN now owns 270,410 shares of the real estate investment trust’s stock valued at $4,689,000 after purchasing an additional 6,012 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Gladstone Commercial by 35.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 344,292 shares of the real estate investment trust’s stock valued at $5,971,000 after purchasing an additional 90,180 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Gladstone Commercial by 1.8% during the first quarter. Northern Trust Corp now owns 344,249 shares of the real estate investment trust’s stock valued at $5,969,000 after purchasing an additional 6,015 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Gladstone Commercial by 0.7% during the first quarter. BlackRock Inc. now owns 2,198,544 shares of the real estate investment trust’s stock valued at $38,122,000 after purchasing an additional 15,457 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Gladstone Commercial by 14.4% during the first quarter. New York State Common Retirement Fund now owns 30,900 shares of the real estate investment trust’s stock valued at $536,000 after purchasing an additional 3,900 shares in the last quarter. 53.96% 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 July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.

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Analyst Recommendations for Gladstone Commercial (NASDAQ:GOOD)

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