Gladstone Commercial - GOOD Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gladstone Commercial in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GOOD shares.
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3 Wall Street research analysts have issued 12-month target prices for Gladstone Commercial's stock. Their GOOD share price forecasts range from $17.50 to $18.00. On average, they expect the company's share price to reach $17.83 in the next year. This suggests a possible upside of 44.5% from the stock's current price.
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Gladstone Commercial's stock was trading at $18.50 at the start of the year. Since then, GOOD shares have decreased by 33.3% and is now trading at $12.34.
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Gladstone Commercial saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 859,700 shares, an increase of 10.6% from the February 28th total of 777,500 shares. Based on an average daily trading volume, of 334,100 shares, the days-to-cover ratio is currently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Gladstone Commercial Co. (NASDAQ:GOOD) issued its quarterly earnings results on Sunday, October, 31st. The real estate investment trust reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The real estate investment trust had revenue of $34.33 million for the quarter, compared to analysts' expectations of $34.90 million. Gladstone Commercial had a trailing twelve-month return on equity of 4.36% and a net margin of 6.22%. During the same period last year, the company earned $0.40 EPS.

Gladstone Commercial declared a monthly dividend on Tuesday, January 10th. Shareholders of record on Friday, March 17th will be given a dividend of $0.10 per share on Friday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 9.72%. The ex-dividend date is Thursday, March 16th.
Read our dividend analysis for GOOD.

ETFs with the largest weight of Gladstone Commercial (NASDAQ:GOOD) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Hoya Capital High Dividend Yield ETF (RIET), Dimensional US Real Estate ETF (DFAR), iShares Core U.S. REIT ETF (USRT), JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and First Trust S&P REIT Index Fund (FRI).

Gladstone Commercial (NASDAQ:GOOD) pays an annual dividend of $1.20 per share and currently has a dividend yield of 9.84%. GOOD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for GOOD.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gladstone Commercial investors own include AT&T (T), Altria Group (MO), Gladstone Capital (GLAD), Coca-Cola (KO), Virtus Global Dividend & Income Fund (ZTR), Philip Morris International (PM), Oxford Lane Capital (OXLC), Gladstone Investment (GAIN), Main Street Capital (MAIN) and Exxon Mobil (XOM).

Gladstone Commercial trades on the NASDAQ under the ticker symbol "GOOD."

Gladstone Commercial's stock is owned by a variety of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (4.21%), Geode Capital Management LLC (2.09%), XML Financial LLC (1.35%), Dimensional Fund Advisors LP (1.35%), LPL Financial LLC (0.89%) and LSV Asset Management (0.87%). Insiders that own company stock include Arthur S Cooper, Elliott Wislar Jr, Gary Gerson, Jay Beckhorn, Michael Sodo, Michela A English and Robert G Cutlip.
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Shares of GOOD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GOOD stock can currently be purchased for approximately $12.34.

Gladstone Commercial (NASDAQ:GOOD) has a market capitalization of $498.41 million and generates $148.98 million in revenue each year. The real estate investment trust earns $9.30 million in net income (profit) each year or ($0.08) on an earnings per share basis.

Gladstone Commercial's mailing address is 1521 WESTBRANCH DRIVE SUITE 100, MCLEAN VA, 22102. The official website for the company is www.gladstonecommercial.com. The real estate investment trust can be reached via phone at (703) 287-5893, via email at commercial@gladstonecompanies.com, or via fax at 703-286-0795.