Gladstone Commercial Corporation (GOOD) Cut to Sell at Zacks Investment Research

Gladstone Commercial Corporation (NASDAQ:GOOD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, November 2nd.

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 recently commented on the stock. Canaccord Genuity cut their price target 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. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial Corporation in a 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 17th. Janney Montgomery Scott assumed coverage on shares of Gladstone Commercial Corporation in a research report on Friday, September 8th. They issued a “buy” rating on the stock. Finally, DA Davidson assumed coverage on shares of Gladstone Commercial Corporation in a research report on Tuesday, July 25th. They issued a “buy” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Gladstone Commercial Corporation presently has a consensus rating of “Hold” and an average target price of $23.33.

Gladstone Commercial Corporation (GOOD) opened at $22.60 on Thursday. Gladstone Commercial Corporation has a 1-year low of $18.02 and a 1-year high of $23.35. The company has a market capitalization of $622.82, a PE ratio of 14.89, a P/E/G ratio of 2.46 and a beta of 0.86. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78.

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A number of hedge funds have recently added to or reduced their stakes in GOOD. Creative Planning raised its stake in shares of Gladstone Commercial Corporation by 11.7% in the second 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 period. BNP Paribas Arbitrage SA grew its holdings 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 acquiring an additional 2,511 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings 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 acquiring an additional 350 shares in the last quarter. Bank of America Corp DE grew its holdings 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 acquiring an additional 3,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings 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 acquiring an additional 910 shares in the last quarter. Institutional investors and hedge funds own 50.97% 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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