Gladstone Commercial (NASDAQ:GOOD) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Gladstone Commercial Corporation (NASDAQ:GOOD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.63 and traded as high as $12.25. Gladstone Commercial shares last traded at $12.02, with a volume of 484,979 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GOOD shares. Zacks Research raised Gladstone Commercial from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Gladstone Commercial in a report on Monday, December 29th. Wall Street Zen upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, B. Riley Financial reaffirmed a “neutral” rating and set a $12.50 target price (up from $11.00) on shares of Gladstone Commercial in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.75.

Gladstone Commercial Stock Down 2.7%

The company has a debt-to-equity ratio of 4.92, a quick ratio of 5.36 and a current ratio of 5.36. The stock has a 50 day moving average price of $11.88 and a 200 day moving average price of $11.62. The company has a market cap of $566.40 million, a P/E ratio of 83.57 and a beta of 1.09.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.31). The firm had revenue of $43.46 million for the quarter, compared to the consensus estimate of $41.23 million. Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%. Research analysts expect that Gladstone Commercial Corporation will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 10.3%. Gladstone Commercial’s dividend payout ratio (DPR) is 857.14%.

Institutional Trading of Gladstone Commercial

A number of hedge funds and other institutional investors have recently made changes to their positions in GOOD. Loomis Sayles & Co. L P boosted its holdings in Gladstone Commercial by 249.7% during the second quarter. Loomis Sayles & Co. L P now owns 1,759 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,256 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Gladstone Commercial in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 valued at $26,000 after acquiring an additional 1,578 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Gladstone Commercial during the 4th quarter valued at $30,000. Finally, Advisory Services Network LLC bought a new stake in shares of Gladstone Commercial during the 3rd quarter worth $34,000. 45.51% of the stock is currently owned by institutional investors.

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.