Gladstone Commercial (GOOD) Stock Rating Lowered by BidaskClub

Gladstone Commercial (NASDAQ:GOOD) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday.

GOOD has been the subject of a number of other research reports. Zacks Investment Research raised Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial in a report on Thursday, August 17th. ValuEngine cut Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Finally, Janney Montgomery Scott assumed coverage on Gladstone Commercial in a report on Friday, September 8th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Gladstone Commercial presently has a consensus rating of “Hold” and a consensus price target of $23.33.

Gladstone Commercial (GOOD) traded up $0.15 during midday trading on Tuesday, reaching $21.67. The company had a trading volume of 172,400 shares, compared to its average volume of 177,928. The firm has a market cap of $596.23, a PE ratio of 14.25, a price-to-earnings-growth ratio of 2.35 and a beta of 0.86. Gladstone Commercial has a 12 month low of $18.73 and a 12 month high of $23.35. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.78.

Several large investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its position in shares of Gladstone Commercial by 5.3% during the first quarter. Teachers Advisors LLC now owns 48,259 shares of the real estate investment trust’s stock worth $998,000 after buying an additional 2,418 shares during the period. California Public Employees Retirement System boosted its position in shares of Gladstone Commercial by 1.0% during the first quarter. California Public Employees Retirement System now owns 31,500 shares of the real estate investment trust’s stock worth $651,000 after buying an additional 300 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Gladstone Commercial by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 335,570 shares of the real estate investment trust’s stock worth $6,936,000 after buying an additional 5,298 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Gladstone Commercial by 26.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 55,400 shares of the real estate investment trust’s stock worth $1,146,000 after buying an additional 11,500 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Gladstone Commercial by 44.0% during the first quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 3,918 shares during the period. 52.79% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/12/14/gladstone-commercial-good-stock-rating-lowered-by-bidaskclub-2.html.

About Gladstone Commercial

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

Leave a Reply