Gladstone Commercial (NASDAQ:GOOD) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Gladstone Commercial Corporation (NASDAQ:GOOD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.84 and traded as high as $12.36. Gladstone Commercial shares last traded at $12.01, with a volume of 658,347 shares.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. B. Riley Financial reissued a “neutral” rating and set a $12.50 price target (up from $11.00) on shares of Gladstone Commercial in a research report on Tuesday, February 24th. Weiss Ratings upgraded shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.75.

Gladstone Commercial Trading Down 2.6%

The firm has a market cap of $581.40 million, a PE ratio of 66.73 and a beta of 1.08. The firm has a fifty day simple moving average of $12.54 and a two-hundred day simple moving average of $11.84. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 5.13.

Gladstone Commercial (NASDAQ:GOOD) last posted its 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. The firm had revenue of $41.91 million for the quarter, compared to analysts’ expectations of $42.94 million. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%. Equities analysts forecast that Gladstone Commercial Corporation will post 1.41 EPS for the current year.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Commercial’s payout ratio is presently 666.67%.

Institutional Investors Weigh In On Gladstone Commercial

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in shares of Gladstone Commercial during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its position 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 buying an additional 1,578 shares during the period. Danske Bank A S bought a new position in Gladstone Commercial in the fourth quarter worth about $30,000. Advisory Services Network LLC bought a new position in Gladstone Commercial in the third quarter worth about $34,000. Finally, Parallel Advisors LLC lifted its holdings 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 buying an additional 1,168 shares during the period. 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.