Gladstone Commercial Corp. (GOOD) Sees Large Volume Increase
Gladstone Commercial Corp. (NASDAQ:GOOD) saw unusually-high trading volume on Monday . Approximately 153,849 shares traded hands during trading, an increase of 24% from the previous session’s volume of 124,302 shares.The stock last traded at $18.16 and had previously closed at $17.90.
GOOD has been the topic of several recent analyst reports. TheStreet raised Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Zacks Investment Research raised Gladstone Commercial Corp. from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, May 17th.
The stock has a 50-day moving average of $17.57 and a 200 day moving average of $16.46. The stock’s market cap is $406.04 million.
Gladstone Commercial Corp. (NASDAQ:GOOD) last announced its earnings results on Monday, July 25th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. Equities 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. Investors of record on Monday, August 22nd will be given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 8.34%. The ex-dividend date is Thursday, August 18th.
A number of hedge funds and institutional investors have made changes to their positions in the stock. Systematic Financial Management LP acquired a new position in shares of Gladstone Commercial Corp. during the fourth quarter valued at about $1,232,000. Dimensional Fund Advisors LP increased its stake in 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 valued at $4,020,000 after buying an additional 36,150 shares during the last quarter. Finally, Morgan Stanley increased 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.