Gladstone Commercial (NASDAQ:GOOD) Stock Rating Lowered by StockNews.com

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

Other research analysts have also issued research reports about the company. B. Riley reaffirmed a “neutral” rating and set a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

Gladstone Commercial Stock Performance

Shares of GOOD stock traded down $0.09 during mid-day trading on Monday, hitting $17.52. 256,190 shares of the stock were exchanged, compared to its average volume of 244,612. The stock’s fifty day simple moving average is $16.53 and its two-hundred day simple moving average is $15.33. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. Gladstone Commercial has a 12-month low of $11.89 and a 12-month high of $17.88. The stock has a market capitalization of $769.48 million, a price-to-earnings ratio of 87.60, a P/E/G ratio of 2.05 and a beta of 1.21.

Hedge Funds Weigh In On Gladstone Commercial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Gladstone Commercial in the second quarter valued at about $33,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Gladstone Commercial by 68.2% in 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 buying an additional 2,885 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Gladstone Commercial during the second quarter worth $127,000. Atomi Financial Group Inc. purchased a new position in Gladstone Commercial in the second quarter worth $158,000. Finally, American Century Companies Inc. boosted its position in shares of Gladstone Commercial by 21.8% during the 2nd quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock worth $176,000 after purchasing an additional 2,210 shares in the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

About Gladstone Commercial

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.