Gladstone Commercial (NASDAQ:GOOD) Sets New 1-Year Low – What’s Next?

by · The Cerbat Gem

Gladstone Commercial Corporation (NASDAQ:GOOD – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.45 and last traded at $10.4620, with a volume of 181494 shares. The stock had previously closed at $10.64.

Analyst Ratings Changes

A number of equities analysts have weighed in on GOOD shares. Zacks Research upgraded Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research note on Monday. B. Riley restated a “neutral” rating and issued a $11.00 target price (down previously from $12.00) on shares of Gladstone Commercial in a research report on Monday, November 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Gladstone Commercial in a research report on Monday. Finally, Loop Capital set a $13.00 target price on shares of Gladstone Commercial in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Gladstone Commercial has an average rating of “Hold” and an average price target of $12.00.

Check Out Our Latest Stock Report on Gladstone Commercial

Gladstone Commercial Stock Performance

The company has a debt-to-equity ratio of 4.58, a quick ratio of 4.31 and a current ratio of 4.31. The company has a market capitalization of $509.41 million, a price-to-earnings ratio of 58.47 and a beta of 1.10. The firm has a 50-day simple moving average of $11.02 and a two-hundred day simple moving average of $12.53.

Gladstone Commercial (NASDAQ:GOOD – Get Free Report) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). Gladstone Commercial had a return on equity of 11.77% and a net margin of 13.59%.The business had revenue of $40.84 million for the quarter, compared to analysts’ expectations of $40.10 million. On average, sell-side analysts anticipate that Gladstone Commercial Corporation will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Monday, December 22nd. Gladstone Commercial’s dividend payout ratio (DPR) is currently 666.67%.

Insider Transactions at Gladstone Commercial

In other news, CFO Gary Gerson purchased 7,600 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were bought at an average cost of $11.05 per share, with a total value of $83,980.00. Following the purchase, the chief financial officer directly owned 23,200 shares of the company’s stock, valued at approximately $256,360. This trade represents a 48.72% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have bought 8,500 shares of company stock valued at $93,751. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gladstone Commercial

Several hedge funds have recently modified their holdings of GOOD. Loomis Sayles & Co. L P increased its position in Gladstone Commercial by 249.7% during the second quarter. Loomis Sayles & Co. L P now owns 1,759 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,256 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Gladstone Commercial by 751.4% in 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 acquiring an additional 1,578 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Gladstone Commercial during the third quarter valued at about $34,000. Parallel Advisors LLC increased its stake in Gladstone Commercial by 71.1% during the third quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,168 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of Gladstone Commercial by 142.6% in the 3rd quarter. New York State Teachers Retirement System now owns 4,148 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 2,438 shares in the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.

Gladstone Commercial Company Profile

(Get Free Report)

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.

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