Gladstone Commercial (NASDAQ:GOOD) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.15 and traded as high as $13.13. Gladstone Commercial shares last traded at $13.00, with a volume of 405,761 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Huntington assumed coverage on Gladstone Commercial in a research note on Wednesday, July 15th. They issued a “market perform” rating and a $13.00 price target on the stock. Weiss Ratings raised Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Gladstone Commercial currently has an average rating of “Hold” and a consensus target price of $12.83.

Gladstone Commercial Price Performance

The company has a 50 day moving average price of $12.56 and a 200 day moving average price of $12.15. The firm has a market cap of $629.33 million, a PE ratio of 72.23 and a beta of 1.07. 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 released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.30. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%.The business had revenue of $41.91 million for the quarter, compared to analysts’ expectations of $42.94 million. On average, sell-side analysts expect that Gladstone Commercial Corporation will post 1.41 EPS for the current year.

Gladstone Commercial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a yield of 9.2%. Gladstone Commercial’s dividend payout ratio is 666.67%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Gladstone Commercial during the 4th quarter worth $25,000. EverSource Wealth Advisors LLC grew its stake in Gladstone Commercial by 751.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,578 shares during the last quarter. Danske Bank A S acquired a new stake in Gladstone Commercial in the 4th quarter valued at about $30,000. Advisory Services Network LLC purchased a new position in Gladstone Commercial during the 3rd quarter valued at about $34,000. Finally, Parallel Advisors LLC increased its holdings in Gladstone Commercial by 71.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock valued at $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.

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.