StockNews.com Upgrades Gladstone Commercial (NASDAQ:GOOD) to “Buy”

Gladstone Commercial (NASDAQ:GOOD) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other research analysts also recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th. B. Riley reiterated a “neutral” rating and set a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th.

Gladstone Commercial Trading Up 0.4 %

GOOD stock opened at $17.09 on Thursday. The business has a fifty day moving average price of $16.32 and a 200 day moving average price of $15.18. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54. Gladstone Commercial has a fifty-two week low of $11.89 and a fifty-two week high of $17.53. The stock has a market capitalization of $750.59 million, a price-to-earnings ratio of 85.15, a P/E/G ratio of 2.02 and a beta of 1.21.

Institutional Investors Weigh In On Gladstone Commercial

A number of institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in shares of Gladstone Commercial during the second quarter worth about $33,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Gladstone Commercial by 68.2% in 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 acquired a new position in shares of Gladstone Commercial in the second quarter valued at approximately $127,000. Atomi Financial Group Inc. bought a new stake in shares of Gladstone Commercial during the second quarter worth $158,000. Finally, American Century Companies Inc. raised its holdings in shares of Gladstone Commercial by 21.8% during the second quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock worth $176,000 after acquiring an additional 2,210 shares during the period. 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.