Gladstone Commercial (GOOD) Lowered to “Hold” at Zacks Investment Research

Gladstone Commercial (NASDAQ:GOOD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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 analysts have also recently issued reports on the company. BidaskClub cut Gladstone Commercial from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. ValuEngine cut Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Gladstone Commercial in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.67.

Gladstone Commercial (NASDAQ GOOD) opened at $19.89 on Tuesday. Gladstone Commercial has a 1-year low of $19.07 and a 1-year high of $23.35. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $551.07, a price-to-earnings ratio of -497.25, a P/E/G ratio of 2.16 and a beta of 0.88.

Several hedge funds have recently modified their holdings of GOOD. BNP Paribas Arbitrage SA lifted its holdings in shares of Gladstone Commercial by 99.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,511 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in shares of Gladstone Commercial in the 3rd quarter worth $285,000. Voya Investment Management LLC lifted its holdings in shares of Gladstone Commercial by 13.2% in the 2nd quarter. Voya Investment Management LLC now owns 14,447 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 1,680 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Gladstone Commercial by 56.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 21,094 shares of the real estate investment trust’s stock worth $460,000 after acquiring an additional 7,606 shares in the last quarter. Finally, Wolverine Trading LLC bought a new position in shares of Gladstone Commercial in the 2nd quarter worth $461,000. Institutional investors and hedge funds own 52.78% of the company’s stock.

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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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