Stock analysts at B. Riley started coverage on shares of Gladstone Commercial (NASDAQ:GOOD) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set a “neutral” rating and a $19.00 price target on the real estate investment trust’s stock. B. Riley’s target price suggests a potential upside of 5.38% from the stock’s current price.
GOOD has been the topic of several other research reports. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a research report on Friday, December 1st. Zacks Investment Research lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine lowered shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Finally, BidaskClub lowered shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $21.50.
Gladstone Commercial (NASDAQ:GOOD) traded up $0.39 during midday trading on Thursday, reaching $18.03. The company had a trading volume of 286,727 shares, compared to its average volume of 162,383. Gladstone Commercial has a 1 year low of $17.09 and a 1 year high of $23.35. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78. The firm has a market cap of $499.54, a P/E ratio of -601.00, a P/E/G ratio of 1.91 and a beta of 0.74.
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Gladstone Commercial Company Profile
Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.
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