Janney Montgomery Scott began coverage on shares of Gladstone Commercial Corporation (NASDAQ:GOOD) in a research report issued to clients and investors on Friday, The Fly reports. The brokerage set a “buy” rating on the real estate investment trust’s stock.

GOOD has been the topic of several other reports. Zacks Investment Research upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Gladstone Commercial Corporation in a research report on Thursday, August 17th. BidaskClub upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Canaccord Genuity cut their target price on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.67.

Shares of Gladstone Commercial Corporation (GOOD) opened at 21.42 on Friday. The company’s 50 day moving average is $20.97 and its 200-day moving average is $21.01. Gladstone Commercial Corporation has a 1-year low of $16.02 and a 1-year high of $23.35. The company’s market capitalization is $592.09 million.

TRADEMARK VIOLATION NOTICE: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/09/08/gladstone-commercial-corporation-good-receives-new-coverage-from-analysts-at-janney-montgomery-scott.html.

Large investors have recently bought and sold shares of the stock. Creative Planning boosted its position in Gladstone Commercial Corporation by 11.7% during the 2nd quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 517 shares during the period. BNP Paribas Arbitrage SA boosted its position in Gladstone Commercial Corporation by 99.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,511 shares during the period. Nisa Investment Advisors LLC boosted its position in Gladstone Commercial Corporation by 4.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 350 shares during the period. Bank of America Corp DE boosted its position in Gladstone Commercial Corporation by 44.0% during the 1st quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 3,918 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Gladstone Commercial Corporation by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 910 shares during the period. Institutional investors and hedge funds own 49.07% 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.

The Fly

Analyst Recommendations for Gladstone Commercial Corporation (NASDAQ:GOOD)

Receive News & Ratings for Gladstone Commercial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.