Zacks Investment Research Upgrades Gladstone Commercial Corporation (GOOD) to Buy

Gladstone Commercial Corporation (NASDAQ:GOOD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $25.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.82% from the stock’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. “

Several other equities analysts have also weighed in on the company. BidaskClub upgraded Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Canaccord Genuity cut their price target on Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Gladstone Commercial Corporation in a research note on Thursday, August 17th. DA Davidson began coverage on Gladstone Commercial Corporation in a research note on Tuesday, July 25th. They issued a “buy” rating and a $24.00 price target for the company. Finally, Janney Montgomery Scott began coverage on Gladstone Commercial Corporation in a research note on Friday, September 8th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $23.33.

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Several hedge funds have recently bought and sold shares of GOOD. Creative Planning grew its position 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 purchasing an additional 517 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of 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 valued at $110,000 after purchasing an additional 2,511 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of 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 valued at $168,000 after purchasing an additional 350 shares in the last quarter. Bank of America Corp DE grew its position in shares of 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 valued at $265,000 after purchasing an additional 3,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of 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 valued at $279,000 after purchasing an additional 910 shares in the last quarter. Institutional investors and hedge funds own 49.07% of the company’s stock.

About Gladstone Commercial Corporation

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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