Gladstone Commercial Corporation (NASDAQ:GOOD - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as $11.97 and last traded at $11.99, with a volume of 153607 shares traded. The stock had previously closed at $12.16.
Analyst Upgrades and Downgrades
GOOD has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Gladstone Commercial in a research note on Saturday, September 27th. Wall Street Zen lowered shares of Gladstone Commercial from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Gladstone Commercial has a consensus rating of "Hold" and a consensus target price of $15.00.
Check Out Our Latest Report on Gladstone Commercial
Gladstone Commercial Price Performance
The stock has a market capitalization of $551.49 million, a price-to-earnings ratio of 32.96, a P/E/G ratio of 1.36 and a beta of 1.11. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 4.50. The stock has a fifty day moving average of $13.02 and a 200-day moving average of $13.78.
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 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $39.53 million during the quarter, compared to the consensus estimate of $38.32 million. Gladstone Commercial had a net margin of 18.67% and a return on equity of 16.37%. On average, equities research analysts predict that Gladstone Commercial Corporation will post 1.45 EPS for the current fiscal year.
Gladstone Commercial Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 21st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a c) annualized dividend and a dividend yield of 10.1%. Gladstone Commercial's dividend payout ratio (DPR) is presently 333.33%.
Hedge Funds Weigh In On Gladstone Commercial
A number of hedge funds have recently modified their holdings of the business. Qube Research & Technologies Ltd grew its holdings in Gladstone Commercial by 87.1% during the second quarter. Qube Research & Technologies Ltd now owns 525,750 shares of the real estate investment trust's stock worth $7,534,000 after acquiring an additional 244,803 shares during the period. Vanguard Group Inc. boosted its stake in shares of Gladstone Commercial by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 4,526,797 shares of the real estate investment trust's stock valued at $67,811,000 after buying an additional 242,957 shares during the last quarter. Millennium Management LLC lifted its holdings in Gladstone Commercial by 525.8% in the first quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust's stock worth $3,838,000 after acquiring an additional 215,245 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Gladstone Commercial by 54.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 562,671 shares of the real estate investment trust's stock worth $8,063,000 after acquiring an additional 198,624 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Gladstone Commercial by 22.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 815,997 shares of the real estate investment trust's stock worth $12,224,000 after acquiring an additional 148,031 shares during the period. 45.51% of the stock is currently owned by hedge funds and other institutional investors.
About Gladstone Commercial
(
Get Free Report)
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.
Further Reading
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