Research analysts at B. Riley started coverage on shares of Gladstone Commercial (NASDAQ:GOOD) in a report released on Thursday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $19.00 price target on the real estate investment trust’s stock. B. Riley’s price target points to a potential upside of 5.38% from the stock’s previous close.

Several other brokerages also recently issued reports on GOOD. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine downgraded shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 20th. Finally, BidaskClub downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $21.50.

Gladstone Commercial (GOOD) opened at $18.03 on Thursday. 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 $488.73, a P/E ratio of -601.00, a P/E/G ratio of 1.86 and a beta of 0.74. Gladstone Commercial has a one year low of $17.09 and a one year high of $23.35.

A number of hedge funds have recently modified their holdings of GOOD. Schwab Charles Investment Management Inc. increased its position in Gladstone Commercial by 517.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 282,822 shares of the real estate investment trust’s stock worth $6,299,000 after purchasing an additional 237,022 shares during the last quarter. Vanguard Group Inc. increased its position in Gladstone Commercial by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,910,745 shares of the real estate investment trust’s stock worth $63,425,000 after purchasing an additional 81,609 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in Gladstone Commercial during the third quarter worth approximately $1,722,000. State Street Corp increased its position in Gladstone Commercial by 14.4% during the second quarter. State Street Corp now owns 539,308 shares of the real estate investment trust’s stock worth $11,754,000 after purchasing an additional 67,863 shares during the last quarter. Finally, RMR Advisors LLC increased its position in Gladstone Commercial by 263.0% during the fourth quarter. RMR Advisors LLC now owns 82,564 shares of the real estate investment trust’s stock worth $1,739,000 after purchasing an additional 59,822 shares during 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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