Gladstone Commercial Co. (NASDAQ:GOOD)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.29 and last traded at $23.29, with a volume of 4482 shares changing hands. The stock had previously closed at $23.18.

Several equities research analysts have recently issued reports on the company. BidaskClub upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. Zacks Investment Research lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, ValuEngine lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.50.

The stock has a 50 day moving average of $22.08 and a two-hundred day moving average of $21.36. The company has a debt-to-equity ratio of 2.18, a quick ratio of 10.81 and a current ratio of 10.81. The firm has a market capitalization of $708.35 million, a P/E ratio of 14.60, a P/E/G ratio of 2.88 and a beta of 0.80.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.42). Gladstone Commercial had a net margin of 10.97% and a return on equity of 4.72%. The company had revenue of $28.20 million during the quarter, compared to the consensus estimate of $28.55 million. Sell-side analysts predict that Gladstone Commercial Co. will post 1.58 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be paid a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date is Monday, September 16th. Gladstone Commercial’s payout ratio is 94.34%.

Several hedge funds have recently modified their holdings of GOOD. NEXT Financial Group Inc bought a new position in Gladstone Commercial in the 2nd quarter worth approximately $25,000. Gradient Investments LLC bought a new position in Gladstone Commercial in the 2nd quarter worth approximately $32,000. Phocas Financial Corp. bought a new position in Gladstone Commercial in the 2nd quarter worth approximately $32,000. Meeder Asset Management Inc. increased its position in Gladstone Commercial by 47.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,824 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 590 shares during the period. Finally, Panagora Asset Management Inc. bought a new position in Gladstone Commercial in the 2nd quarter worth approximately $42,000. 56.86% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Commercial Company Profile (NASDAQ:GOOD)

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

See Also: P/E Growth (PEG)

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