Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.80 and last traded at $14.65, with a volume of 158260 shares. The stock had previously closed at $13.60.
Analyst Upgrades and Downgrades
Separately, Alliance Global Partners initiated coverage on Gladstone Commercial in a research report on Monday, March 18th. They issued a "buy" rating and a $15.50 target price for the company.
View Our Latest Research Report on GOOD
Gladstone Commercial Stock Performance
The business has a 50 day moving average price of $13.28 and a two-hundred day moving average price of $12.98. The company has a debt-to-equity ratio of 4.79, a quick ratio of 3.90 and a current ratio of 3.90. The company has a market cap of $580.46 million, a P/E ratio of -65.45, a price-to-earnings-growth ratio of 1.64 and a beta of 1.14.
Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.31). The firm had revenue of $35.91 million for the quarter, compared to analysts' expectations of $36.80 million. Gladstone Commercial had a net margin of 2.82% and a return on equity of 2.36%. On average, sell-side analysts anticipate that Gladstone Commercial Co. will post 1.38 earnings per share for the current year.
Gladstone Commercial Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 8.33%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Commercial's dividend payout ratio (DPR) is currently -545.45%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in GOOD. Mirae Asset Global Investments Co. Ltd. raised its holdings in Gladstone Commercial by 2,656.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 528,301 shares of the real estate investment trust's stock worth $6,995,000 after purchasing an additional 509,133 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Gladstone Commercial by 436.0% in the 1st quarter. GSA Capital Partners LLP now owns 94,043 shares of the real estate investment trust's stock worth $1,302,000 after acquiring an additional 76,499 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Gladstone Commercial by 28.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 193,818 shares of the real estate investment trust's stock worth $2,566,000 after acquiring an additional 42,404 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Gladstone Commercial in the 4th quarter worth about $406,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Gladstone Commercial in the 4th quarter worth about $310,000. 45.51% of the stock is currently owned by institutional investors.
About Gladstone Commercial
(
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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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