Aegis Capital Starts Gladstone Commercial (GOOD) at Buy

April 13, 2021 12:01 PM EDT
Get Alerts GOOD Hot Sheet
Price: $20.88 +0.82%

Rating Summary:
    7 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 4 | New: 24
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Aegis Capital analyst Brian Hollenden initiates coverage on Gladstone Commercial (NASDAQ: GOOD) with a Buy rating and a price target of $23.00.

Analyst comments: "Investors are willing to pay a higher multiple for industrial properties because it has sticky tenants and stronger demand. We think GOOD’s multiple will expand, along with the company’s industrial focus, as investors heavily favor industrial over office properties. GOOD's average price to next twelve month's FFO multiple has been 14.0x over the last five years."

For an analyst ratings summary and ratings history on Gladstone Commercial click here. For more ratings news on Gladstone Commercial click here.

Shares of Gladstone Commercial closed at $20.35 yesterday.

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