Gladstone Commercial Corporation (GOOD) Downgraded by ValuEngine to “Buy”

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

A number of other brokerages have also recently weighed in on GOOD. Zacks Investment Research upgraded Gladstone Commercial Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, October 11th. DA Davidson began coverage on Gladstone Commercial Corporation in a research report on Tuesday, July 25th. They issued a “buy” rating and a $24.00 price target for the company. BidaskClub cut Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Janney Montgomery Scott began coverage on Gladstone Commercial Corporation in a research report on Friday, September 8th. They issued a “buy” rating for the company. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Gladstone Commercial Corporation in a research report on Thursday, August 17th. One equities research 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 has an average rating of “Hold” and an average target price of $23.33.



Gladstone Commercial Corporation (NASDAQ GOOD) traded down $0.05 during trading hours on Monday, reaching $22.48. The company’s stock had a trading volume of 120,226 shares, compared to its average volume of 178,129. The stock has a market capitalization of $624.21, a PE ratio of 14.92, a price-to-earnings-growth ratio of 2.46 and a beta of 0.86. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.68 and a quick ratio of 0.68. Gladstone Commercial Corporation has a 1 year low of $18.02 and a 1 year high of $23.35.

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A number of large investors have recently modified their holdings of the business. California Public Employees Retirement System boosted its stake in Gladstone Commercial Corporation by 11.7% in the 3rd quarter. California Public Employees Retirement System now owns 35,173 shares of the real estate investment trust’s stock worth $783,000 after buying an additional 3,673 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Gladstone Commercial Corporation by 16.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 60,838 shares of the real estate investment trust’s stock worth $1,371,000 after buying an additional 8,438 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Gladstone Commercial Corporation in the 3rd quarter worth about $1,722,000. Stifel Financial Corp boosted its stake in Gladstone Commercial Corporation by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 32,268 shares of the real estate investment trust’s stock worth $715,000 after buying an additional 3,502 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Gladstone Commercial Corporation by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 355,768 shares of the real estate investment trust’s stock worth $7,923,000 after buying an additional 6,106 shares during the last quarter. 50.97% 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.

Analyst Recommendations for Gladstone Commercial Corporation (NASDAQ:GOOD)

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