Hilliard Lyons upgraded shares of Gladstone Commercial (NASDAQ:GOOD) from a neutral rating to a long rating in a research report report published on Friday morning, MarketBeat.com reports.
Several other brokerages have also issued reports on GOOD. Ladenburg Thalmann Financial Services reaffirmed a hold rating on shares of Gladstone Commercial in a research note on Friday, December 1st. B. Riley assumed coverage on shares of Gladstone Commercial in a research note on Thursday, February 8th. They issued a neutral rating and a $19.00 target price on the stock. Zacks Investment Research raised shares of Gladstone Commercial from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Friday, January 12th. BidaskClub lowered shares of Gladstone Commercial from a hold rating to a sell rating in a research note on Tuesday, December 5th. Finally, ValuEngine lowered shares of Gladstone Commercial from a buy rating to a hold rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Gladstone Commercial presently has a consensus rating of Hold and an average target price of $21.50.
Gladstone Commercial (NASDAQ:GOOD) opened at $17.65 on Friday. The stock has a market cap of $501.61, a PE ratio of 11.69, a PEG ratio of 1.82 and a beta of 0.74. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.43 and a quick ratio of 1.43. Gladstone Commercial has a one year low of $17.05 and a one year high of $23.35.
Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its stake in Gladstone Commercial by 55.9% during the 3rd quarter. Prudential Financial Inc. now owns 21,012 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 7,530 shares during the last quarter. Citadel Advisors LLC boosted its stake in Gladstone Commercial by 80.3% during the 3rd quarter. Citadel Advisors LLC now owns 115,221 shares of the real estate investment trust’s stock worth $2,566,000 after acquiring an additional 51,328 shares during the last quarter. Allianz Asset Management GmbH bought a new position in Gladstone Commercial during the 3rd quarter worth approximately $1,722,000. Vanguard Group Inc. boosted its stake in Gladstone Commercial by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,910,745 shares of the real estate investment trust’s stock worth $63,425,000 after acquiring an additional 81,609 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Gladstone Commercial by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 243,509 shares of the real estate investment trust’s stock worth $5,423,000 after acquiring an additional 5,333 shares during the last quarter. 53.67% of the stock is currently owned by institutional investors and hedge funds.
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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.
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