Gladstone Commercial (NASDAQ:GOOD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm currently has a $22.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.33% from the company’s previous close.

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 equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Gladstone Commercial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Gladstone Commercial in a research note on Friday, December 1st. Finally, ValuEngine cut Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.33.

Shares of Gladstone Commercial (GOOD) opened at $19.94 on Friday. Gladstone Commercial has a 52 week low of $19.07 and a 52 week high of $23.35. 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 firm has a market cap of $552.74, a price-to-earnings ratio of -498.50, a price-to-earnings-growth ratio of 2.16 and a beta of 0.88.

Several hedge funds and other institutional investors have recently modified their holdings of GOOD. BNP Paribas Arbitrage SA lifted its holdings in shares of Gladstone Commercial by 99.6% during the second quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 2,511 shares during the period. Virginia Retirement Systems ET AL bought a new position in shares of Gladstone Commercial during the third quarter valued at $285,000. Voya Investment Management LLC lifted its holdings in shares of Gladstone Commercial by 13.2% during the second quarter. Voya Investment Management LLC now owns 14,447 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 1,680 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Gladstone Commercial by 56.4% during the second quarter. Goldman Sachs Group Inc. now owns 21,094 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 7,606 shares during the period. Finally, Wolverine Trading LLC bought a new position in shares of Gladstone Commercial during the second quarter valued at $461,000. 52.78% 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.

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