Gladstone Commercial (NASDAQ:GOOD) Stock Passes Above 200 Day Moving Average – What’s Next?

Gladstone Commercial Corporation (NASDAQ:GOOD) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.63 and traded as high as $12.97. Gladstone Commercial shares last traded at $12.89, with a volume of 497,904 shares.

Analysts Set New Price Targets

Several brokerages have commented on GOOD. Wall Street Zen upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. B. Riley Financial restated a “neutral” rating and issued a $12.50 price objective (up from $11.00) on shares of Gladstone Commercial in a report on Tuesday, February 24th. Finally, Weiss Ratings lowered shares of Gladstone Commercial from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.75.

Gladstone Commercial Stock Down 1.6%

The company’s fifty day moving average price is $12.21 and its 200-day moving average price is $11.63. The stock has a market capitalization of $613.84 million, a PE ratio of 70.45 and a beta of 1.09. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 5.13.

Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.30. The firm had revenue of $41.91 million during the quarter, compared to analyst estimates of $42.94 million. Gladstone Commercial had a net margin of 12.74% and a return on equity of 12.11%. Analysts forecast that Gladstone Commercial Corporation will post 1.41 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 9.5%. Gladstone Commercial’s dividend payout ratio (DPR) is 666.67%.

Institutional Investors Weigh In On Gladstone Commercial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Inspire Investing LLC increased its position in shares of Gladstone Commercial by 2.4% during the first quarter. Inspire Investing LLC now owns 44,891 shares of the real estate investment trust’s stock valued at $513,000 after acquiring an additional 1,043 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Gladstone Commercial by 2.3% during the second quarter. Russell Investments Group Ltd. now owns 46,681 shares of the real estate investment trust’s stock valued at $669,000 after acquiring an additional 1,055 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Gladstone Commercial by 7.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 14,975 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 1,062 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of Gladstone Commercial by 6.9% during the second quarter. Evergreen Capital Management LLC now owns 16,942 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 1,096 shares in the last quarter. Finally, Beacon Investment Advisors LLC increased its position in shares of Gladstone Commercial by 2.6% during the fourth quarter. Beacon Investment Advisors LLC now owns 44,397 shares of the real estate investment trust’s stock valued at $474,000 after acquiring an additional 1,129 shares in the last quarter. Institutional investors 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.