Shares of Gladstone Commercial Corporation (NASDAQ:GOOD - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.67 and traded as high as $12.44. Gladstone Commercial shares last traded at $12.36, with a volume of 279,516 shares traded.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on GOOD. Wall Street Zen raised Gladstone Commercial from a "sell" rating to a "hold" rating in a research report on Saturday, February 21st. Zacks Research upgraded 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 research note on Monday, December 29th. Finally, B. Riley Financial restated a "neutral" rating and set a $12.50 price objective (up from $11.00) on shares of Gladstone Commercial in a report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $12.75.
Get Our Latest Analysis on GOOD
Gladstone Commercial Price Performance
The stock has a market capitalization of $598.35 million, a P/E ratio of 88.29 and a beta of 1.09. The business's 50 day simple moving average is $11.69 and its two-hundred day simple moving average is $11.67. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 4.92.
Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last posted its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.31). Gladstone Commercial had a return on equity of 10.75% and a net margin of 11.95%.The business had revenue of $43.46 million for the quarter, compared to the consensus estimate of $41.23 million. As a group, sell-side analysts forecast that Gladstone Commercial Corporation will post 1.45 earnings per share for the current fiscal year.
Gladstone Commercial Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 9.7%. Gladstone Commercial's dividend payout ratio is 857.14%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in Gladstone Commercial during the fourth quarter worth $110,000. Invesco Ltd. lifted its stake in Gladstone Commercial by 17.1% during the 4th quarter. Invesco Ltd. now owns 1,086,952 shares of the real estate investment trust's stock valued at $11,598,000 after acquiring an additional 158,711 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Gladstone Commercial by 78.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,338 shares of the real estate investment trust's stock valued at $292,000 after acquiring an additional 12,034 shares in the last quarter. Millennium Management LLC boosted its holdings in Gladstone Commercial by 80.4% during the 4th quarter. Millennium Management LLC now owns 458,217 shares of the real estate investment trust's stock worth $4,889,000 after acquiring an additional 204,225 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in Gladstone Commercial by 18.6% during the 4th quarter. Inspire Investing LLC now owns 43,848 shares of the real estate investment trust's stock worth $468,000 after acquiring an additional 6,892 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company's stock.
Gladstone Commercial Company Profile
(
Get Free Report)
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.
Further Reading
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