The stock of Gladstone Commercial Corporation (NASDAQ:GOOD) hit a new 52-week high and has $20.69 target or 7.00% above today’s $19.34 share price. The 6 months bullish chart indicates low risk for the $458.57M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $20.69 price target is reached, the company will be worth $32.10M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 144,660 shares traded hands. Gladstone Commercial Corporation (NASDAQ:GOOD) has risen 15.68% since April 22, 2016 and is uptrending. It has outperformed by 10.27% the S&P500.
Analysts await Gladstone Commercial Corporation (NASDAQ:GOOD) to report earnings on February, 15.
According to Zacks Investment Research, “Gladstone Commercial Corporation is a publicly traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Its goal is to pay our shareholders dividends on a monthly basis. Its objective is to increase the amount of dividends paid out each year.”
Insitutional Activity: The institutional sentiment decreased to 1.62 in Q2 2016. Its down 0.03, from 1.65 in 2016Q1. The ratio worsened, as 5 funds sold all Gladstone Commercial Corporation shares owned while 29 reduced positions. 14 funds bought stakes while 42 increased positions. They now own 9.38 million shares or 7.04% more from 8.76 million shares in 2016Q1.
Summit Securities Grp Llc holds 0.1% or 11,173 shares in its portfolio. Kcg holds 0.01% or 14,664 shares in its portfolio. Parametric Portfolio Associate Limited last reported 121,301 shares in the company. Panagora Asset Management last reported 35,454 shares in the company. Raymond James Tru Na, a Florida-based fund reported 14,530 shares. United Fin Advisers Limited Liability Corporation, a California-based fund reported 940,188 shares. The California-based Blackrock Institutional Trust Na has invested 0% in Gladstone Commercial Corporation (NASDAQ:GOOD). Invesco Ltd last reported 413,412 shares in the company. Aperio Gru Ltd Liability Corporation owns 17,003 shares or 0% of their US portfolio. Teachers Insur Annuity Association Of America reported 23,254 shares or 0.02% of all its holdings. Morgan Stanley reported 84,626 shares or 0% of all its holdings. Dimensional Fund Limited Partnership, a Texas-based fund reported 307,235 shares. The Connecticut-based Aqr Ltd Liability has invested 0% in Gladstone Commercial Corporation (NASDAQ:GOOD). Citadel Advsr Limited Liability Corp has invested 0% of its portfolio in Gladstone Commercial Corporation (NASDAQ:GOOD). Citigroup holds 0% of its portfolio in Gladstone Commercial Corporation (NASDAQ:GOOD) for 4,274 shares.
Insider Transactions: Since July 11, 2016, the stock had 7 insider buys, and 0 insider sales for $118,884 net activity. On Thursday, November 3 SODO MICHAEL bought $29,826 worth of the stock or 1,800 shares. Cutlip Robert G bought $8,940 worth of Gladstone Commercial Corporation (NASDAQ:GOOD) on Monday, October 10. Merrick Caren D bought 2,816 shares worth $50,013.
More notable recent Gladstone Commercial Corporation (NASDAQ:GOOD) news were published by: Globenewswire.com which released: “Gladstone Commercial Corporation Appoints CFO” on October 21, 2016, also Nasdaq.com with their article: “Gladstone Commercial Corporation (GOOD) Ex-Dividend Date Scheduled for …” published on November 14, 2016, Globenewswire.com published: “Gladstone Commercial Corporation Reports Results for the Third Quarter Ended …” on October 31, 2016. More interesting news about Gladstone Commercial Corporation (NASDAQ:GOOD) were released by: Globenewswire.com and their article: “Gladstone Commercial Corporation Signs 5-Year Lease Extension at its Wichita …” published on October 31, 2016 as well as Seekingalpha.com‘s news article titled: “Quick Update On Gladstone Commercial Corporation’s Preferred Shares” with publication date: July 20, 2016.
GOOD Company Profile
Gladstone Commercial Corporation, incorporated on February 14, 2003, is a real estate investment trust (REIT). The Firm focuses on acquiring, owning and managing office and industrial properties, and making long-term industrial and commercial mortgage loans. The Company’s portfolio of real estate is leased to a section of tenants ranging from small businesses to large public companies. The Firm owns a total of approximately 100 properties across over 20 states. The Firm conducts its activities, including the ownership of its properties, through Gladstone Commercial Limited Partnership (the Operating Partnership).
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