Gladstone Commercial (NASDAQ:GOOD) Hits New 12-Month Low - Time to Sell?

Key Points

• Gladstone Commercial Corporation shares fell to a new 52-week low of $11.26 amid mid-day trading, with current trades around $11.31 and significant volume reported.
• Analysts have mixed sentiments on the stock, with Wall Street Zen downgrading it from a "hold" to a "sell" rating, while Weiss Ratings maintains a "hold" rating.
• Institutional investors have shown increased interest, with some firms, such as GAMMA Investing LLC, significantly increasing their stakes in Gladstone Commercial during the first quarter.

Gladstone Commercial Corporation (NASDAQ:GOOD - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $11.26 and last traded at $11.31, with a volume of 49736 shares changing hands. The stock had previously closed at $11.31.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Gladstone Commercial in a research report on Wednesday, October 8th. Wall Street Zen lowered Gladstone Commercial from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".

Gladstone Commercial Stock Performance

The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 4.50. The firm has a market capitalization of $527.29 million, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11. The company has a 50-day moving average of $12.84 and a 200-day moving average of $13.66.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.35 EPS for the quarter, hitting analysts' consensus estimates of $0.35. The firm had revenue of $39.53 million during the quarter, compared to the consensus estimate of $38.32 million. Gladstone Commercial had a return on equity of 16.37% and a net margin of 18.67%. On average, equities research analysts forecast that Gladstone Commercial Corporation will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GOOD. GAMMA Investing LLC grew its stake in Gladstone Commercial by 2,063.9% during the 1st quarter. GAMMA Investing LLC now owns 8,569 shares of the real estate investment trust's stock worth $128,000 after buying an additional 8,173 shares during the last quarter. SG Americas Securities LLC grew its stake in Gladstone Commercial by 384.0% during the 1st quarter. SG Americas Securities LLC now owns 83,441 shares of the real estate investment trust's stock worth $1,250,000 after buying an additional 66,201 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Gladstone Commercial by 4.6% during the 1st quarter. State of Alaska Department of Revenue now owns 21,170 shares of the real estate investment trust's stock worth $316,000 after buying an additional 924 shares during the last quarter. Register Financial Advisors LLC grew its stake in Gladstone Commercial by 10.7% during the 1st quarter. Register Financial Advisors LLC now owns 59,028 shares of the real estate investment trust's stock worth $884,000 after buying an additional 5,686 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Gladstone Commercial in the first quarter worth $26,000. 45.51% of the stock is currently owned by institutional investors.

Gladstone Commercial Company Profile

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.