Gladstone Commercial Corporation (NASDAQ:GOOD) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other analysts have also commented on the company. Zacks Investment Research lowered Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Janney Montgomery Scott began coverage on Gladstone Commercial Corporation in a research note on Friday, September 8th. They set a “buy” rating on the stock. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial Corporation in a research note on Thursday, August 17th. BidaskClub raised Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Canaccord Genuity decreased their price target on Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.33.

Gladstone Commercial Corporation (NASDAQ:GOOD) traded down $0.05 on Monday, hitting $22.48. The company had a trading volume of 120,226 shares, compared to its average volume of 178,129. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $624.21, a price-to-earnings ratio of 14.92, a P/E/G ratio of 2.46 and a beta of 0.86. Gladstone Commercial Corporation has a fifty-two week low of $18.02 and a fifty-two week high of $23.35.

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Large investors have recently made changes to their positions in the stock. Creative Planning raised 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 buying an additional 517 shares during the period. BNP Paribas Arbitrage SA raised 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 buying an additional 2,511 shares during the period. Nisa Investment Advisors LLC raised 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 buying an additional 350 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in shares of Gladstone Commercial Corporation during the 3rd quarter valued at about $285,000. Finally, Bank of America Corp DE raised its holdings in shares of 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 valued at $265,000 after buying an additional 3,918 shares during the period. Institutional investors and hedge funds own 50.97% of the company’s stock.

About Gladstone Commercial Corporation

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Gladstone Commercial Corporation (NASDAQ:GOOD)

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