Gladstone Commercial (NASDAQ:GOOD) Downgraded by StockNews.com to “Hold”

Gladstone Commercial (NASDAQ:GOOD) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Several other equities analysts have also commented on GOOD. B. Riley reissued a “neutral” rating and set a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

Gladstone Commercial Trading Up 0.1 %

NASDAQ:GOOD opened at $16.67 on Wednesday. The business’s 50-day moving average is $16.73 and its two-hundred day moving average is $15.53. The firm has a market capitalization of $732.13 million, a PE ratio of 83.35, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. Gladstone Commercial has a 12 month low of $11.89 and a 12 month high of $17.88. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in shares of Gladstone Commercial during the second quarter worth about $33,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Gladstone Commercial by 68.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 2,885 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Gladstone Commercial during the 2nd quarter worth approximately $127,000. Atomi Financial Group Inc. acquired a new position in shares of Gladstone Commercial in the 2nd quarter worth approximately $158,000. Finally, American Century Companies Inc. increased its holdings in shares of Gladstone Commercial by 21.8% in the 2nd quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock valued at $176,000 after acquiring an additional 2,210 shares during the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.

Gladstone Commercial Company Profile

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.