Gladstone Commercial (NASDAQ:GOOD) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Gladstone Commercial Corporation (NASDAQ:GOOD)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.92 and traded as high as $12.47. Gladstone Commercial shares last traded at $12.41, with a volume of 497,307 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.75.

Gladstone Commercial Stock Up 1.1%

The stock has a market cap of $601.74 million, a PE ratio of 69.06 and a beta of 1.08. The business has a 50 day moving average of $12.52 and a 200-day moving average of $11.94. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 5.13.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.30. The company had revenue of $41.91 million during the quarter, compared to analysts’ expectations of $42.94 million. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%. Equities research analysts predict that Gladstone Commercial Corporation will post 1.41 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend was Tuesday, June 23rd. Gladstone Commercial’s dividend payout ratio (DPR) is presently 666.67%.

Institutional Investors Weigh In On Gladstone Commercial

Several large investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in Gladstone Commercial in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of Gladstone Commercial by 751.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,578 shares during the period. Danske Bank A S acquired a new stake in shares of Gladstone Commercial in the 4th quarter worth $30,000. Advisory Services Network LLC purchased a new stake in shares of Gladstone Commercial in the third quarter valued at about $34,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Gladstone Commercial by 71.1% in the third quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,168 shares in the last quarter. Hedge funds and other 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.