Gladstone Commercial (NASDAQ:GOOD)‘s stock had its “neutral” rating reaffirmed by research analysts at B. Riley in a report released on Monday. They currently have a $19.00 target price on the real estate investment trust’s stock. B. Riley’s price objective suggests a potential upside of 7.53% from the company’s previous close.
GOOD has been the subject of a number of other reports. Zacks Investment Research raised shares of Gladstone Commercial from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Friday, January 5th. Hilliard Lyons raised shares of Gladstone Commercial from a “neutral” rating to a “long” rating in a research note on Friday, February 16th. BidaskClub raised shares of Gladstone Commercial from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 10th. Finally, ValuEngine downgraded shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Gladstone Commercial presently has a consensus rating of “Hold” and a consensus target price of $21.50.
Gladstone Commercial (GOOD) opened at $17.67 on Monday. Gladstone Commercial has a 12 month low of $16.78 and a 12 month high of $23.35. The firm has a market cap of $502.18, a PE ratio of -103.94, a price-to-earnings-growth ratio of 1.83 and a beta of 0.83. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.43 and a quick ratio of 1.43.
In other Gladstone Commercial news, CEO David Gladstone purchased 17,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was bought at an average price of $17.50 per share, for a total transaction of $297,500.00. Following the transaction, the chief executive officer now directly owns 466,564 shares in the company, valued at $8,164,870. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have bought 21,200 shares of company stock valued at $374,976. 2.21% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Independent Portfolio Consultants Inc. grew its position in shares of Gladstone Commercial by 0.3% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 8,820 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 25 shares during the period. Metropolitan Life Insurance Co. NY grew its position in shares of Gladstone Commercial by 0.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 16,717 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 51 shares during the period. Horizon Investments LLC grew its holdings in Gladstone Commercial by 0.5% during the fourth quarter. Horizon Investments LLC now owns 13,223 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 68 shares during the period. Sigma Planning Corp grew its holdings in Gladstone Commercial by 0.9% during the third quarter. Sigma Planning Corp now owns 11,558 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 100 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Gladstone Commercial by 0.3% during the second quarter. California State Teachers Retirement System now owns 46,856 shares of the real estate investment trust’s stock valued at $791,000 after purchasing an additional 151 shares during the period. Institutional investors own 53.84% of the company’s stock.
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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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