Gladstone Commercial (NASDAQ:GOOD) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.99 and traded as high as $12.90. Gladstone Commercial shares last traded at $12.53, with a volume of 607,765 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.75.

Gladstone Commercial Trading Down 1.5%

The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 5.13. The firm has a market cap of $606.58 million, a price-to-earnings ratio of 69.61 and a beta of 1.07. The company has a fifty day moving average price of $12.52 and a 200-day moving average price of $11.99.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.30. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%.The company had revenue of $41.91 million during the quarter, compared to analysts’ expectations of $42.94 million. As a group, research analysts expect that Gladstone Commercial Corporation will post 1.41 EPS for the current year.

Gladstone Commercial Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date was Tuesday, June 23rd. Gladstone Commercial’s payout ratio is currently 666.67%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE grew its position in shares of Gladstone Commercial by 27.6% during the 1st quarter. Bank of America Corp DE now owns 64,448 shares of the real estate investment trust’s stock valued at $737,000 after acquiring an additional 13,936 shares during the period. Quantinno Capital Management LP raised its holdings in Gladstone Commercial by 24.7% in the 1st quarter. Quantinno Capital Management LP now owns 182,555 shares of the real estate investment trust’s stock worth $2,087,000 after purchasing an additional 36,156 shares during the period. PNC Financial Services Group Inc. boosted its position in Gladstone Commercial by 49.1% during the first quarter. PNC Financial Services Group Inc. now owns 12,562 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 4,134 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Gladstone Commercial during the first quarter worth approximately $46,000. Finally, Dimensional Fund Advisors LP grew its holdings in Gladstone Commercial by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 657,267 shares of the real estate investment trust’s stock valued at $7,512,000 after purchasing an additional 21,502 shares during the period. Institutional investors and hedge funds 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.