Gladstone Commercial (NASDAQ:GOOD) Upgraded at StockNews.com

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

A number of other analysts have also recently commented on the company. B. Riley reiterated a “neutral” rating and set a $15.00 price objective (up previously from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

Gladstone Commercial Stock Performance

NASDAQ:GOOD traded up $0.23 during trading hours on Thursday, reaching $17.03. The company had a trading volume of 244,157 shares, compared to its average volume of 243,753. The firm has a market cap of $747.96 million, a price-to-earnings ratio of 85.15, a PEG ratio of 2.02 and a beta of 1.21. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. The firm’s 50 day moving average price is $16.30 and its 200-day moving average price is $15.16. Gladstone Commercial has a 52 week low of $11.89 and a 52 week high of $17.53.

Institutional Trading of Gladstone Commercial

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Gladstone Commercial by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock valued at $55,999,000 after purchasing an additional 53,802 shares during the period. Renaissance Technologies LLC raised its holdings in Gladstone Commercial by 2.5% during the second quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock valued at $20,122,000 after acquiring an additional 34,400 shares during the period. Geode Capital Management LLC lifted its position in shares of Gladstone Commercial by 3.2% in the third quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust’s stock valued at $17,837,000 after acquiring an additional 34,017 shares in the last quarter. State Street Corp boosted its stake in shares of Gladstone Commercial by 3.6% in the third quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock worth $17,074,000 after acquiring an additional 36,616 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Gladstone Commercial by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 567,878 shares of the real estate investment trust’s stock worth $8,103,000 after purchasing an additional 14,452 shares in 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.