Gladstone Commercial (GOOD) Rating Increased to Sell at BidaskClub

Gladstone Commercial (NASDAQ:GOOD) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

GOOD has been the subject of several other research reports. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial in a research note on Friday, December 1st. B. Riley began coverage on shares of Gladstone Commercial in a research note on Thursday. They set a “neutral” rating and a $19.00 price objective for the company. Zacks Investment Research raised shares of Gladstone Commercial from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Friday, January 12th. Finally, ValuEngine cut shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Gladstone Commercial presently has a consensus rating of “Hold” and a consensus target price of $21.50.

Gladstone Commercial (NASDAQ:GOOD) traded up $0.39 during mid-day trading on Friday, hitting $18.03. 301,126 shares of the stock were exchanged, compared to its average volume of 162,383. The stock has a market capitalization of $488.73, a PE ratio of -601.00, a P/E/G ratio of 1.86 and a beta of 0.74. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.78. Gladstone Commercial has a twelve month low of $17.09 and a twelve month high of $23.35.

A number of hedge funds and other institutional investors have recently made changes to their positions in GOOD. Swiss National Bank grew its stake in Gladstone Commercial by 10.3% during the 2nd quarter. Swiss National Bank now owns 42,700 shares of the real estate investment trust’s stock valued at $930,000 after acquiring an additional 4,000 shares in the last quarter. Alliancebernstein L.P. grew its stake in Gladstone Commercial by 24.7% during the 2nd quarter. Alliancebernstein L.P. now owns 25,020 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 4,950 shares in the last quarter. Teachers Advisors LLC grew its stake in Gladstone Commercial by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 48,485 shares of the real estate investment trust’s stock valued at $1,056,000 after acquiring an additional 226 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Gladstone Commercial by 5.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 66,541 shares of the real estate investment trust’s stock valued at $1,450,000 after purchasing an additional 3,194 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Gladstone Commercial by 15.4% in the 2nd quarter. New York State Common Retirement Fund now owns 27,000 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 3,599 shares during the last quarter. 52.84% of the stock is owned by institutional investors.

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Gladstone Commercial 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.

Analyst Recommendations for Gladstone Commercial (NASDAQ:GOOD)

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