Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.72 and traded as high as $16.17. Gladstone Commercial shares last traded at $16.01, with a volume of 208,053 shares traded.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Canaccord Genuity Group upgraded Gladstone Commercial to a "strong-buy" rating in a report on Friday, October 4th. StockNews.com lowered Gladstone Commercial from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, B. Riley reissued a "neutral" rating and set a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th.
Check Out Our Latest Analysis on Gladstone Commercial
Gladstone Commercial Stock Up 0.1 %
The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10. The stock has a market cap of $704.02 million, a PE ratio of 80.15, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. The firm has a fifty day moving average of $16.70 and a 200 day moving average of $15.73.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in GOOD. JPMorgan Chase & Co. raised its stake in Gladstone Commercial by 78.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust's stock worth $2,941,000 after acquiring an additional 79,893 shares in the last quarter. Barclays PLC increased its position in shares of Gladstone Commercial by 323.4% during the third quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust's stock worth $1,009,000 after purchasing an additional 47,456 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Gladstone Commercial by 3.2% in the 3rd 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 purchasing an additional 34,017 shares during the last quarter. State Street Corp boosted its position in shares of Gladstone Commercial by 3.6% in the 3rd quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust's stock valued at $17,074,000 after purchasing an additional 36,616 shares during the period. Finally, ClearAlpha Technologies LP acquired a new stake in shares of Gladstone Commercial in the 3rd quarter valued at about $375,000. Hedge funds and other institutional investors own 45.51% of the company's stock.
Gladstone Commercial Company Profile
(
Get Free Report)
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.
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