Gladstone Commercial (NASDAQ:GOOD) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Saturday.

A number of other analysts also recently weighed in on the stock. ValuEngine downgraded shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Zacks Investment Research raised shares of Gladstone Commercial from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday, January 5th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a report on Friday, December 1st. Finally, B. Riley started coverage on shares of Gladstone Commercial in a report on Thursday. They issued a “neutral” rating and a $19.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Gladstone Commercial currently has a consensus rating of “Hold” and an average target price of $21.50.

Shares of Gladstone Commercial (NASDAQ GOOD) opened at $18.03 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $499.54, a price-to-earnings ratio of -601.00, a P/E/G ratio of 1.91 and a beta of 0.74. Gladstone Commercial has a 1-year low of $17.09 and a 1-year high of $23.35.

Institutional investors have recently modified their holdings of the business. Prudential Financial Inc. boosted its holdings in Gladstone Commercial by 55.9% in the 3rd quarter. Prudential Financial Inc. now owns 21,012 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 7,530 shares during the period. Citadel Advisors LLC raised its stake in shares of Gladstone Commercial by 80.3% in the 3rd quarter. Citadel Advisors LLC now owns 115,221 shares of the real estate investment trust’s stock valued at $2,566,000 after buying an additional 51,328 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Gladstone Commercial in the 3rd quarter valued at $1,722,000. Vanguard Group Inc. raised its stake in shares of Gladstone Commercial by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,910,745 shares of the real estate investment trust’s stock valued at $63,425,000 after buying an additional 81,609 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Gladstone Commercial by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 243,509 shares of the real estate investment trust’s stock valued at $5,423,000 after buying an additional 5,333 shares in the last quarter. 52.84% of the stock is owned by hedge funds and other institutional investors.

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About Gladstone Commercial

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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