Gladstone Commercial (NASDAQ:GOOD) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
Other equities analysts have also recently issued research reports about the company. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a report on Thursday, August 17th. Zacks Investment Research raised Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. ValuEngine cut Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Finally, Janney Montgomery Scott began coverage on Gladstone Commercial in a report on Friday, September 8th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.33.
Gladstone Commercial (NASDAQ GOOD) opened at $21.70 on Tuesday. Gladstone Commercial has a fifty-two week low of $18.73 and a fifty-two week high of $23.35. The company has a market capitalization of $605.09, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78.
Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Gladstone Commercial by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,910,745 shares of the real estate investment trust’s stock valued at $63,425,000 after purchasing an additional 81,609 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Gladstone Commercial by 4.0% in the second quarter. Renaissance Technologies LLC now owns 2,050,300 shares of the real estate investment trust’s stock valued at $44,676,000 after purchasing an additional 79,100 shares in the last quarter. State Street Corp grew its position in shares of Gladstone Commercial by 14.4% in the second quarter. State Street Corp now owns 539,308 shares of the real estate investment trust’s stock valued at $11,754,000 after purchasing an additional 67,863 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX grew its position in shares of Gladstone Commercial by 9.8% in the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 407,864 shares of the real estate investment trust’s stock valued at $8,887,000 after purchasing an additional 36,360 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Gladstone Commercial by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 355,768 shares of the real estate investment trust’s stock valued at $7,923,000 after purchasing an additional 6,106 shares in the last quarter. 52.79% of the stock is owned by institutional investors and hedge funds.
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Gladstone Commercial Company Profile
Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.
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