Gladstone Commercial (NASDAQ:GOOD) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Gladstone Commercial Co. (NASDAQ:GOOD)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.72 and traded as high as $16.17. Gladstone Commercial shares last traded at $16.01, with a volume of 208,053 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th. StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, B. Riley reissued a “neutral” rating and set a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th.

Gladstone Commercial Trading Down 0.1 %

The firm has a market capitalization of $703.14 million, a PE ratio of 80.05, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54. The company has a fifty day moving average of $16.70 and a 200-day moving average of $15.72.

Institutional Investors Weigh In On Gladstone Commercial

Several institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gladstone Commercial by 68.2% during 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 acquiring an additional 2,885 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Gladstone Commercial during the 2nd quarter valued at $127,000. American Century Companies Inc. lifted its stake in shares of Gladstone Commercial by 21.8% in the 2nd quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 2,210 shares during the last quarter. SG Americas Securities LLC bought a new stake in Gladstone Commercial in the third quarter worth $226,000. Finally, Ballentine Partners LLC increased its position in Gladstone Commercial by 5.3% during the second quarter. Ballentine Partners LLC now owns 14,214 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 714 shares during the last quarter. 45.51% of the stock is currently 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.