Gladstone Commercial (NASDAQ:GOOD) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Gladstone Commercial Corporation (NASDAQ:GOOD) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.92 and traded as high as $12.47. Gladstone Commercial shares last traded at $12.41, with a volume of 497,307 shares changing hands.

Analyst Upgrades and Downgrades

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

Gladstone Commercial Trading Down 0.6%

The business has a 50-day moving average of $12.53 and a 200-day moving average of $11.92. The stock has a market capitalization of $600.77 million, a price-to-earnings ratio of 68.95 and a beta of 1.08. The company has a debt-to-equity ratio of 5.13, a quick ratio of 4.03 and a current ratio of 4.03.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.35 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $42.94 million. As a group, research analysts forecast that Gladstone Commercial Corporation will post 1.41 EPS for the current year.

Gladstone Commercial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders 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) dividend on an annualized basis and a dividend yield of 9.7%. Gladstone Commercial’s dividend payout ratio (DPR) is 666.67%.

Institutional Trading of Gladstone Commercial

Several institutional investors and hedge funds have recently bought and sold shares of GOOD. EverSource Wealth Advisors LLC boosted its stake in Gladstone Commercial by 751.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,578 shares during the period. International Assets Investment Management LLC purchased a new position in Gladstone Commercial during the 4th quarter worth $25,000. Advisory Services Network LLC acquired a new position in Gladstone Commercial in the third quarter valued at $34,000. Danske Bank A S acquired a new position in Gladstone Commercial in the fourth quarter valued at $30,000. Finally, Parallel Advisors LLC raised its holdings in shares of 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 valued at $35,000 after buying an additional 1,168 shares during 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.