Gladstone Commercial (NASDAQ:GOOD) Trading Up 6.9% – Should You Buy?

Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) were up 6.9% on Thursday . The stock traded as high as $12.24 and last traded at $12.23. Approximately 761,507 shares traded hands during trading, an increase of 62% from the average daily volume of 471,270 shares. The stock had previously closed at $11.44.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GOOD shares. Zacks Research raised shares of Gladstone Commercial from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Loop Capital set a $13.00 target price on Gladstone Commercial in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gladstone Commercial in a report on Monday, December 29th. Finally, B. Riley Financial restated a “neutral” rating and issued a $11.00 price objective (down from $12.00) on shares of Gladstone Commercial in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Gladstone Commercial currently has an average rating of “Hold” and an average target price of $12.00.

Gladstone Commercial Stock Performance

The stock’s 50 day moving average is $11.21 and its two-hundred day moving average is $11.75. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 4.58. The stock has a market cap of $585.88 million, a price-to-earnings ratio of 67.26 and a beta of 1.11.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.31). The firm had revenue of $43.46 million during the quarter, compared to analysts’ expectations of $41.23 million. Gladstone Commercial had a net margin of 13.59% and a return on equity of 11.77%. Analysts anticipate that Gladstone Commercial Corporation will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The company 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. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Commercial’s payout ratio is currently 666.67%.

Institutional Investors Weigh In On Gladstone Commercial

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Gladstone Commercial by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 4,823,236 shares of the real estate investment trust’s stock valued at $51,464,000 after acquiring an additional 20,634 shares during the period. Geode Capital Management LLC lifted its position in Gladstone Commercial by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 1,327,193 shares of the real estate investment trust’s stock worth $14,164,000 after purchasing an additional 74,557 shares during the period. Invesco Ltd. boosted 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 purchasing an additional 158,711 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Gladstone Commercial by 56.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock valued at $10,150,000 after purchasing an additional 298,114 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Gladstone Commercial by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 730,497 shares of the real estate investment trust’s stock worth $7,794,000 after buying an additional 50,238 shares in the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

About Gladstone Commercial

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.