Gladstone Commercial Corp. (GOOD) Sees Large Volume Increase
Shares of Gladstone Commercial Corp. (NASDAQ:GOOD) saw an uptick in trading volume on Wednesday . 190,042 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 168,089 shares.The stock last traded at $17.76 and had previously closed at $17.82.
A number of research firms have recently commented on GOOD. Zacks Investment Research upgraded shares of Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a research report on Friday, April 22nd. TheStreet downgraded shares of Gladstone Commercial Corp. from a “hold” rating to a “sell” rating in a research note on Friday, April 29th.
The company’s market cap is $405.68 million. The firm’s 50 day moving average price is $17.06 and its 200 day moving average price is $15.95.
Gladstone Commercial Corp. (NASDAQ:GOOD) last issued its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. On average, analysts anticipate that Gladstone Commercial Corp. will post $1.54 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd will be given a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date of this dividend is Thursday, August 18th.
A number of institutional investors have modified their holdings of GOOD. Dimensional Fund Advisors LP raised its position in shares of Gladstone Commercial Corp. by 15.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 275,518 shares of the real estate investment trust’s stock worth $4,020,000 after buying an additional 36,150 shares during the period. Systematic Financial Management LP acquired a new stake in Gladstone Commercial Corp. during the fourth quarter valued at approximately $1,232,000. Finally, Morgan Stanley raised its stake in Gladstone Commercial Corp. by 43.4% in the fourth quarter. Morgan Stanley now owns 85,333 shares of the real estate investment trust’s stock valued at $1,245,000 after buying an additional 25,843 shares during the last quarter.
Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing office and industrial properties, and making long-term industrial and commercial mortgage loans. The Company’s portfolio of real estate is leased to a section of tenants ranging from small businesses to large public companies.
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