Gladstone Commercial (NASDAQ:GOOD) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Gladstone Commercial Co. (NASDAQ:GOOD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. B. Riley restated a “neutral” rating and set a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. StockNews.com cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th.

Gladstone Commercial Stock Performance

The business has a 50 day moving average price of $16.70 and a two-hundred day moving average price of $15.74. The stock has a market cap of $704.02 million, a P/E ratio of 80.15, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10.

Hedge Funds Weigh In On Gladstone Commercial

Several institutional investors have recently bought and sold shares of GOOD. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gladstone Commercial by 68.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 2,885 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Gladstone Commercial in the second quarter worth about $127,000. American Century Companies Inc. boosted its stake in Gladstone Commercial by 21.8% during the second quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 2,210 shares during the last quarter. Ballentine Partners LLC increased its stake in Gladstone Commercial by 5.3% in the 2nd quarter. Ballentine Partners LLC now owns 14,214 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 714 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Gladstone Commercial in the 3rd quarter worth approximately $226,000. 45.51% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Company Profile

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.