Gladstone Commercial (NASDAQ:GOOD) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Gladstone Commercial Corporation (NASDAQ:GOOD)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.63 and traded as high as $12.25. Gladstone Commercial shares last traded at $12.02, with a volume of 484,979 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. B. Riley Financial reiterated a “neutral” rating and issued a $12.50 price target (up from $11.00) on shares of Gladstone Commercial in a research report on Tuesday, February 24th. Zacks Research upgraded Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Gladstone Commercial in a report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.75.

Gladstone Commercial Price Performance

The firm has a market capitalization of $581.89 million, a P/E ratio of 85.86 and a beta of 1.09. 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 business has a 50 day simple moving average of $11.85 and a two-hundred day simple moving average of $11.63.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.31). Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%. The business had revenue of $43.46 million for the quarter, compared to the consensus estimate of $41.23 million. On average, sell-side analysts expect that Gladstone Commercial Corporation will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Commercial’s dividend payout ratio (DPR) is currently 857.14%.

Hedge Funds Weigh In On Gladstone Commercial

A number of hedge funds and other institutional investors have recently bought and sold shares of GOOD. Russell Investments Group Ltd. increased its holdings in shares of Gladstone Commercial by 2.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 46,681 shares of the real estate investment trust’s stock worth $669,000 after buying an additional 1,055 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Gladstone Commercial by 7.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 14,975 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 1,062 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Gladstone Commercial by 6.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 16,942 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 1,096 shares during the last quarter. Beacon Investment Advisors LLC lifted its holdings in shares of Gladstone Commercial by 2.6% during the 4th quarter. Beacon Investment Advisors LLC now owns 44,397 shares of the real estate investment trust’s stock worth $474,000 after acquiring an additional 1,129 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in Gladstone Commercial by 71.1% in 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 in the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

About Gladstone Commercial

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.