Gladstone Commercial (NASDAQ:GOOD) Share Price Passes Above 200 Day Moving Average – Here’s Why
by Jessica Moore · The Cerbat GemGladstone Commercial Corporation (NASDAQ:GOOD – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.47 and traded as high as $12.65. Gladstone Commercial shares last traded at $12.56, with a volume of 295,476 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Wall Street Zen upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Gladstone Commercial in a research note on Friday, March 27th. Finally, B. Riley Financial reissued a “neutral” rating and issued a $12.50 price objective (up from $11.00) on shares of Gladstone Commercial in a report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.75.
Read Our Latest Research Report on GOOD
Gladstone Commercial Stock Performance
The company has a debt-to-equity ratio of 4.92, a quick ratio of 5.36 and a current ratio of 5.36. The company has a market capitalization of $609.00 million, a P/E ratio of 89.86 and a beta of 1.09. The business has a 50 day moving average of $12.10 and a 200-day moving average of $11.49.
Gladstone Commercial (NASDAQ:GOOD – Get Free Report) last posted its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.31). The company had revenue of $43.46 million for the quarter, compared to analysts’ expectations of $41.23 million. Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%. On average, sell-side analysts predict that Gladstone Commercial Corporation will post 1.42 EPS for the current fiscal year.
Gladstone Commercial Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 9.5%. Gladstone Commercial’s payout ratio is 857.14%.
Institutional Investors Weigh In On Gladstone Commercial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Gladstone Commercial by 751.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,578 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Gladstone Commercial during the fourth quarter worth about $25,000. Advisory Services Network LLC purchased a new stake in shares of Gladstone Commercial during the third quarter worth about $34,000. Danske Bank A S purchased a new position in Gladstone Commercial during the 4th quarter valued at approximately $30,000. Finally, Parallel Advisors LLC grew its holdings in Gladstone Commercial by 71.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,168 shares in the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.
Gladstone Commercial Company Profile
Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.
The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.