Gladstone Commercial (NASDAQ:GOOD) Rating Lowered to “Hold” at StockNews.com

Gladstone Commercial (NASDAQ:GOOD) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other research firms also recently commented on GOOD. Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th. B. Riley reissued a “neutral” rating and issued a $15.00 price objective (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th.

Gladstone Commercial Stock Performance

NASDAQ:GOOD opened at $17.33 on Monday. The firm has a market capitalization of $761.13 million, a PE ratio of 86.65, a P/E/G ratio of 2.04 and a beta of 1.24. Gladstone Commercial has a 52-week low of $11.89 and a 52-week high of $17.88. The stock has a 50-day simple moving average of $16.56 and a two-hundred day simple moving average of $15.35. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54.

Institutional Trading of Gladstone Commercial

Several hedge funds and other institutional investors have recently made changes to their positions in GOOD. International Assets Investment Management LLC purchased a new stake in Gladstone Commercial in the second quarter valued at about $33,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Gladstone Commercial by 68.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 2,885 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Gladstone Commercial in the 2nd quarter worth approximately $127,000. Atomi Financial Group Inc. acquired a new position in Gladstone Commercial during the 2nd quarter valued at approximately $158,000. Finally, American Century Companies Inc. raised its holdings in shares of Gladstone Commercial by 21.8% in the second quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 2,210 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

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.