Gladstone Commercial (NASDAQ:GOOD) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Gladstone Commercial Co. (NASDAQ:GOOD) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.72 and traded as high as $16.17. Gladstone Commercial shares last traded at $16.01, with a volume of 208,053 shares.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GOOD. B. Riley reaffirmed a “neutral” rating and set a $15.00 target price (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. StockNews.com cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th.

Gladstone Commercial Trading Down 0.1 %

The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. The company has a market capitalization of $703.14 million, a price-to-earnings ratio of 80.05, a PEG ratio of 1.96 and a beta of 1.25. The firm has a 50-day moving average price of $16.70 and a 200-day moving average price of $15.72.

Institutional Investors Weigh In On Gladstone Commercial

A number of institutional investors and hedge funds have recently bought and sold shares of GOOD. Geode Capital Management LLC lifted its stake in Gladstone Commercial by 3.2% during the third quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust’s stock valued at $17,837,000 after purchasing an additional 34,017 shares during the last quarter. State Street Corp boosted its stake in shares of Gladstone Commercial by 3.6% during the 3rd quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock worth $17,074,000 after acquiring an additional 36,616 shares in the last quarter. Barclays PLC grew its holdings in shares of Gladstone Commercial by 323.4% in the 3rd quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust’s stock worth $1,009,000 after acquiring an additional 47,456 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Gladstone Commercial by 36.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock worth $7,168,000 after purchasing an additional 117,988 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Gladstone Commercial during the third quarter valued at $2,306,000. 45.51% of the stock is owned by institutional investors and hedge funds.

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.