Gladstone Commercial (NASDAQ:GOOD) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Gladstone Commercial Corporation (NASDAQ:GOOD)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.70 and traded as high as $12.76. Gladstone Commercial shares last traded at $12.61, with a volume of 716,053 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GOOD shares. B. Riley Financial reaffirmed a “neutral” rating and set a $12.50 price objective (up from $11.00) on shares of Gladstone Commercial in a research note on Tuesday, February 24th. Weiss Ratings raised shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Gladstone Commercial has an average rating of “Hold” and a consensus target price of $12.75.

Gladstone Commercial Price Performance

The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 5.13. The firm’s 50-day moving average is $12.27 and its 200-day moving average is $11.70. The company has a market cap of $610.45 million, a PE ratio of 70.06 and a beta of 1.09.

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 (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.30. Gladstone Commercial had a net margin of 12.74% and a return on equity of 12.11%. The company had revenue of $41.91 million for the quarter, compared to analysts’ expectations of $42.94 million. On average, equities analysts anticipate that Gladstone Commercial Corporation will post 1.41 EPS for the current year.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 9.5%. Gladstone Commercial’s payout ratio is currently 666.67%.

Hedge Funds Weigh In On Gladstone Commercial

Several hedge funds and other institutional investors have recently modified their holdings of GOOD. Goldman Sachs Group Inc. increased its position in shares of Gladstone Commercial by 211.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 521,090 shares of the real estate investment trust’s stock valued at $5,560,000 after buying an additional 353,525 shares during the period. Qube Research & Technologies Ltd grew its position in shares of Gladstone Commercial by 56.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock worth $10,150,000 after buying an additional 298,114 shares during the period. Invesco Ltd. grew its position in shares of Gladstone Commercial by 33.6% in the 3rd quarter. Invesco Ltd. now owns 928,241 shares of the real estate investment trust’s stock worth $11,436,000 after buying an additional 233,493 shares during the period. Millennium Management LLC increased its stake in shares of Gladstone Commercial by 525.8% in the 1st quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust’s stock worth $3,838,000 after acquiring an additional 215,245 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Gladstone Commercial by 113.0% in the 2nd quarter. AQR Capital Management LLC now owns 257,948 shares of the real estate investment trust’s stock worth $3,696,000 after acquiring an additional 136,823 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.