Gladstone Commercial (GOOD) Upgraded to “Sell” at BidaskClub
Gladstone Commercial (NASDAQ:GOOD) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Saturday.
A number of other analysts also recently weighed in on the stock. ValuEngine downgraded shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Zacks Investment Research raised shares of Gladstone Commercial from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday, January 5th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a report on Friday, December 1st. Finally, B. Riley started coverage on shares of Gladstone Commercial in a report on Thursday. They issued a “neutral” rating and a $19.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Gladstone Commercial currently has a consensus rating of “Hold” and an average target price of $21.50.
Shares of Gladstone Commercial (NASDAQ GOOD) opened at $18.03 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $499.54, a price-to-earnings ratio of -601.00, a P/E/G ratio of 1.91 and a beta of 0.74. Gladstone Commercial has a 1-year low of $17.09 and a 1-year high of $23.35.
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About Gladstone Commercial
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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