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

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. “

A number of other analysts have also weighed in on GOOD. BidaskClub upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Canaccord Genuity reduced their price objective on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Gladstone Commercial Corporation in a research note on Thursday, August 17th. DA Davidson assumed coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 25th. They set a “buy” rating and a $24.00 price objective for the company. Finally, Janney Montgomery Scott assumed coverage on shares of Gladstone Commercial Corporation in a research note on Friday, September 8th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Gladstone Commercial Corporation has a consensus rating of “Hold” and a consensus target price of $23.33.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning boosted its holdings in shares of 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 valued at $107,000 after acquiring an additional 517 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of 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 valued at $110,000 after acquiring an additional 2,511 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its holdings in shares of Gladstone Commercial Corporation by 30.0% during the 3rd quarter. Mizuho Trust & Banking Co. Ltd. now owns 5,631 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 1,298 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of 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 valued at $168,000 after acquiring an additional 350 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its holdings in shares of Gladstone Commercial Corporation by 0.3% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 8,820 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 25 shares during the last quarter. 49.11% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Gladstone Commercial Corporation (NASDAQ:GOOD)

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