Gladstone Commercial (NASDAQ:GOOD) Cut to “Hold” at Zacks Investment Research

Gladstone Commercial (NASDAQ:GOODGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Gladstone Commercial Corporation is a publicly traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Its goal is to pay our shareholders dividends on a monthly basis. Its objective is to increase the amount of dividends paid out each year. “

Separately, StockNews.com began coverage on Gladstone Commercial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Gladstone Commercial has a consensus rating of “Buy” and a consensus price target of $25.50.

Shares of NASDAQ GOOD opened at $23.04 on Tuesday. Gladstone Commercial has a 12-month low of $19.74 and a 12-month high of $26.13. The company has a market cap of $886.33 million, a P/E ratio of -192.00, a P/E/G ratio of 2.27 and a beta of 1.07. The company has a current ratio of 6.98, a quick ratio of 6.98 and a debt-to-equity ratio of 3.49. The stock has a fifty day moving average price of $21.74 and a 200 day moving average price of $22.59.

Large investors have recently bought and sold shares of the stock. Wilen Investment Management CORP. acquired a new position in Gladstone Commercial in the fourth quarter worth about $37,000. CWM LLC bought a new position in Gladstone Commercial in the fourth quarter worth about $43,000. National Bank of Canada FI bought a new position in Gladstone Commercial in the fourth quarter worth about $57,000. Cornerstone Advisory LLC bought a new position in Gladstone Commercial in the fourth quarter worth about $70,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Gladstone Commercial by 530.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,150 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 2,650 shares during the last quarter. Institutional investors and hedge funds own 50.80% of the company’s stock.

Gladstone Commercial Company Profile (Get Rating)

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 September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock.

Further Reading

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