Gladstone Commercial (GOOD) Coverage Initiated at B. Riley
Research analysts at B. Riley started coverage on shares of Gladstone Commercial (NASDAQ:GOOD) in a report released on Thursday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $19.00 price target on the real estate investment trust’s stock. B. Riley’s price target points to a potential upside of 5.38% from the stock’s previous close.
Several other brokerages also recently issued reports on GOOD. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine downgraded shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 20th. Finally, BidaskClub downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $21.50.
Gladstone Commercial (GOOD) opened at $18.03 on Thursday. 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 $488.73, a P/E ratio of -601.00, a P/E/G ratio of 1.86 and a beta of 0.74. Gladstone Commercial has a one year low of $17.09 and a one year high of $23.35.
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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