Gladstone Commercial Corporation (GOOD) Downgraded by Zacks Investment Research to “Sell”

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

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. “

GOOD has been the topic of a number of other research reports. DA Davidson assumed coverage on shares of Gladstone Commercial Corporation in a report on Tuesday, July 25th. They set a “buy” rating and a $24.00 target price on the stock. Canaccord Genuity assumed coverage on shares of Gladstone Commercial Corporation in a report on Tuesday, July 18th. They set a “hold” rating and a $22.00 target price on the stock. BidaskClub cut shares of Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Janney Montgomery Scott assumed coverage on shares of Gladstone Commercial Corporation in a report on Friday, September 8th. They set a “buy” rating on the stock. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial Corporation in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $23.33.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in GOOD. Creative Planning grew its position in 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 worth $107,000 after acquiring an additional 517 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Gladstone Commercial Corporation by 99.6% in the second 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 position in Gladstone Commercial Corporation by 4.5% in the second 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 position in Gladstone Commercial Corporation by 44.0% in the first 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 position in Gladstone Commercial Corporation by 7.2% in the first 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. Hedge funds and other institutional investors own 49.11% 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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