Gladstone Commercial (NASDAQ:GOOD – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
A number of other equities analysts have also issued reports on the stock. B. Riley reduced their price target on shares of Gladstone Commercial from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, February 27th. EF Hutton Acquisition Co. I reissued a “buy” rating and issued a $18.00 price objective (down previously from $20.00) on shares of Gladstone Commercial in a report on Friday, February 24th. TheStreet cut shares of Gladstone Commercial from a “c-” rating to a “d+” rating in a research report on Monday, March 20th. Finally, Janney Montgomery Scott lowered shares of Gladstone Commercial from a “buy” rating to a “neutral” rating and set a $17.50 target price on the stock. in a research note on Friday, January 13th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.83.
Gladstone Commercial Trading Up 0.2 %
Shares of GOOD opened at $12.46 on Wednesday. The company’s fifty day simple moving average is $13.96 and its 200-day simple moving average is $16.31. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 3.66. The company has a market cap of $503.26 million, a P/E ratio of -155.75, a P/E/G ratio of 1.35 and a beta of 1.12. Gladstone Commercial has a twelve month low of $11.45 and a twelve month high of $23.38.
Insider Buying and Selling at Gladstone Commercial
In related news, President Arthur S. Cooper acquired 3,600 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $48,600.00. Following the purchase, the president now directly owns 22,625 shares in the company, valued at $305,437.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Gladstone Commercial news, CIO Elliott Wislar, Jr. purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were purchased at an average cost of $13.68 per share, with a total value of $27,360.00. Following the completion of the transaction, the executive now owns 3,070 shares of the company’s stock, valued at $41,997.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Arthur S. Cooper purchased 3,600 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were acquired at an average cost of $13.50 per share, for a total transaction of $48,600.00. Following the completion of the transaction, the president now directly owns 22,625 shares of the company’s stock, valued at approximately $305,437.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,850 shares of company stock valued at $79,348 in the last three months. Corporate insiders own 1.50% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its stake in Gladstone Commercial by 8.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 37,600 shares of the real estate investment trust’s stock valued at $583,000 after purchasing an additional 2,900 shares during the period. SG Americas Securities LLC bought a new position in shares of Gladstone Commercial during the 3rd quarter worth approximately $142,000. Greenspring Advisors LLC lifted its position in shares of Gladstone Commercial by 2.1% during the 3rd quarter. Greenspring Advisors LLC now owns 39,788 shares of the real estate investment trust’s stock worth $617,000 after buying an additional 815 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Gladstone Commercial by 7.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,477 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 1,392 shares during the period. Finally, XML Financial LLC acquired a new stake in Gladstone Commercial during the 3rd quarter valued at $8,125,000. Institutional investors and hedge funds own 45.84% of the company’s stock.
Gladstone Commercial Company Profile
Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. It operates through the Texas, Florida, Pennsylvania, Ohio, Georgia, North Carolina, Alabama, New Jersey, Michigan, South Carolina, and All Other States geographic locations.
Further Reading
- Get a free copy of the StockNews.com research report on Gladstone Commercial (GOOD)
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