Price Action to Note: Is Buying Gladstone Commercial Corporation Here a Winning Strategy?

Price Action to Note: Is Buying Gladstone Commercial Corporation Here a Winning Strategy?

The stock of Gladstone Commercial Corporation (NASDAQ:GOOD) hit a new 52-week high and has $43.03 target or 129.00% above today’s $18.79 share price. The 9 months bullish chart indicates low risk for the $465.20M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $43.03 price target is reached, the company will be worth $600.11M 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 289,972 shares traded hands or 56.07% up from the average. Gladstone Commercial Corporation (NASDAQ:GOOD) has risen 13.33% since April 15, 2016 and is uptrending. It has outperformed by 8.70% the S&P500.

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 increased to 1.65 in 2016 Q2. Its up 0.12, from 1.53 in 2016Q1. The ratio is positive, 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.
The Connecticut-based Aqr Mngmt Ltd Liability Co has invested 0% in Gladstone Commercial Corporation (NASDAQ:GOOD). Bnp Paribas Arbitrage, a New York-based fund reported 864 shares. Royal Commercial Bank Of Canada last reported 0% of its portfolio in the stock. Raymond James Tru Na holds 0.02% of its portfolio in Gladstone Commercial Corporation (NASDAQ:GOOD) for 14,530 shares. Legal & General Group Public Limited Liability Corporation, a United Kingdom-based fund reported 4,697 shares. Morgan Stanley reported 84,626 shares or 0% of all its holdings. Axa accumulated 21,700 shares or 0% of the stock. Guggenheim Cap Limited Liability Corporation accumulated 0.01% or 134,799 shares. The Kentucky-based Hl Fincl Services Limited Liability Corp has invested 0.02% in Gladstone Commercial Corporation (NASDAQ:GOOD). Ladenburg Thalmann Fincl Inc holds 0% or 9,950 shares in its portfolio. Credit Agricole S A holds 1,200 shares or 0% of its portfolio. Janney Montgomery Scott Ltd Com accumulated 77,117 shares or 0.02% of the stock. Moreover, Founders Secs Ltd Liability Co has 0.16% invested in Gladstone Commercial Corporation (NASDAQ:GOOD) for 20,484 shares. Citadel Limited Liability Corporation has invested 0% of its portfolio in Gladstone Commercial Corporation (NASDAQ:GOOD). Credit Suisse Ag reported 21,505 shares or 0% of all its holdings.

Insider Transactions: Since July 11, 2016, the stock had 7 insider purchases, and 0 selling transactions for $118,884 net activity. Cutlip Robert G bought $8,940 worth of Gladstone Commercial Corporation (NASDAQ:GOOD) on Monday, October 10. SODO MICHAEL had bought 1,800 shares worth $29,826. Shares for $50,013 were bought by Merrick Caren D on Friday, August 26.

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 Finance.Yahoo.com with their article: “Gladstone Commercial Corporation Reports Results for the Third Quarter Ended …” published on October 31, 2016, Globenewswire.com published: “Gladstone Commercial Corporation Announces Monthly Cash Distributions for …” on October 11, 2016. More interesting news about Gladstone Commercial Corporation (NASDAQ:GOOD) were released by: Nasdaq.com and their article: “Gladstone Commercial Corporation (GOOD) Ex-Dividend Date Scheduled for …” published on November 14, 2016 as well as Globenewswire.com‘s news article titled: “Gladstone Commercial Corporation Signs 5-Year Lease Extension at its Wichita …” with publication date: October 31, 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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