Gladstone Commercial (NASDAQ:GOOD) Now Covered by Huntington

Stock analysts at Huntington initiated coverage on shares of Gladstone Commercial (NASDAQ:GOOD) in a research note issued on Wednesday. The brokerage set a “market perform” rating and a $13.00 price target on the real estate investment trust’s stock. Huntington’s target price would indicate a potential upside of 3.42% from the stock’s current price.

Separately, Weiss Ratings raised shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Gladstone Commercial currently has a consensus rating of “Hold” and an average target price of $12.83.

Gladstone Commercial Price Performance

GOOD stock opened at $12.57 on Wednesday. The company has a market cap of $608.51 million, a PE ratio of 69.84 and a beta of 1.07. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 5.13. The stock has a 50-day moving average price of $12.50 and a two-hundred day moving average price of $12.05. Gladstone Commercial has a 12-month low of $10.33 and a 12-month high of $14.17.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.30. The company had revenue of $41.91 million for the quarter, compared to the consensus estimate of $42.94 million. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%. As a group, research analysts predict that Gladstone Commercial will post 1.41 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in shares of Gladstone Commercial during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Gladstone Commercial by 751.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,578 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Gladstone Commercial during the 4th quarter valued at about $30,000. Advisory Services Network LLC purchased a new stake in shares of Gladstone Commercial during the 3rd quarter valued at about $34,000. Finally, Parallel Advisors LLC lifted its position in Gladstone Commercial by 71.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,168 shares in the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.