Gladstone Commercial Corporation (NASDAQ:GOOD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “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. “

Other analysts have also recently issued research reports about the stock. Canaccord Genuity dropped their target price on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. Hilliard Lyons cut shares of Gladstone Commercial Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 3rd. BidaskClub upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, DA Davidson began coverage on shares of Gladstone Commercial Corporation in a research report on Tuesday, July 25th. They set a “buy” rating and a $24.00 target price for the company. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Gladstone Commercial Corporation presently has an average rating of “Hold” and a consensus target price of $22.67.

Gladstone Commercial Corporation (NASDAQ GOOD) traded up 0.48% during midday trading on Tuesday, hitting $21.00. The stock had a trading volume of 154,368 shares. The stock’s 50-day moving average is $21.16 and its 200-day moving average is $20.86. Gladstone Commercial Corporation has a one year low of $16.02 and a one year high of $23.35.

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Several hedge funds have recently modified their holdings of GOOD. Metropolitan Life Insurance Co. NY boosted its stake in shares of Gladstone Commercial Corporation by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 16,717 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 51 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Gladstone Commercial Corporation by 0.5% in the second quarter. Teachers Advisors LLC now owns 48,485 shares of the real estate investment trust’s stock valued at $1,056,000 after buying an additional 226 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Gladstone Commercial Corporation by 1.0% in the first quarter. California Public Employees Retirement System now owns 31,500 shares of the real estate investment trust’s stock valued at $651,000 after buying an additional 300 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Gladstone Commercial Corporation by 4.5% in the second quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 350 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Gladstone Commercial Corporation by 0.8% in the second quarter. Bessemer Group Inc. now owns 52,500 shares of the real estate investment trust’s stock valued at $1,144,000 after buying an additional 400 shares during the last quarter. Institutional investors own 48.12% of the company’s stock.

Gladstone Commercial Corporation Company Profile

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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