Gladstone Commercial (GOOD) Stock Rating Lowered by BidaskClub

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.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/12/07/gladstone-commercial-good-stock-rating-lowered-by-bidaskclub.html.

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.

Analyst Recommendations for Gladstone Commercial (NASDAQ:GOOD)

Receive News & Ratings for Gladstone Commercial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply