Gladstone Commercial (NASDAQ:GOOD) Downgraded by Zacks Investment Research

Gladstone Commercial (NASDAQ:GOODGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, 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. “

Several other analysts have also issued reports on GOOD. B. Riley cut their target price on Gladstone Commercial from $25.00 to $23.00 in a research note on Monday. StockNews.com began coverage on Gladstone Commercial in a research note on Thursday, March 31st. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Gladstone Commercial currently has a consensus rating of “Buy” and a consensus target price of $24.50.

Shares of GOOD opened at $18.79 on Wednesday. The firm has a market cap of $726.21 million, a P/E ratio of -626.12, a P/E/G ratio of 2.06 and a beta of 1.02. The stock has a 50 day simple moving average of $21.68 and a two-hundred day simple moving average of $22.54. The company has a debt-to-equity ratio of 3.29, a current ratio of 8.87 and a quick ratio of 6.98. Gladstone Commercial has a 1 year low of $18.60 and a 1 year high of $26.13.

A number of institutional investors and hedge funds have recently bought and sold shares of GOOD. Bogart Wealth LLC bought a new position in Gladstone Commercial in the first quarter worth $26,000. Prospera Financial Services Inc bought a new position in shares of Gladstone Commercial during the first quarter valued at $33,000. Wilen Investment Management CORP. bought a new position in shares of Gladstone Commercial during the fourth quarter valued at $37,000. Hazlett Burt & Watson Inc. bought a new position in shares of Gladstone Commercial during the first quarter valued at $37,000. Finally, CWM LLC bought a new position in shares of Gladstone Commercial during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 49.60% 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.

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