Gladstone Commercial (NASDAQ:GOOD) Shares Down 5.3% – What’s Next?

Gladstone Commercial Corporation (NASDAQ:GOOD) traded down 5.3% during mid-day trading on Monday. The stock traded as low as $11.88 and last traded at $11.8050. 461,707 shares were traded during mid-day trading, a decline of 0% from the average session volume of 463,667 shares. The stock had previously closed at $12.47.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Huntington started coverage on Gladstone Commercial in a research report on Wednesday, July 15th. They set a “market perform” rating and a $13.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gladstone Commercial in a report on Monday, August 24th. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.83.

Gladstone Commercial Stock Performance

The company has a 50 day simple moving average of $12.83 and a 200-day simple moving average of $12.62. The company has a debt-to-equity ratio of 5.43, a current ratio of 3.72 and a quick ratio of 3.72. The stock has a market capitalization of $571.46 million, a P/E ratio of 45.41 and a beta of 1.07.

Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. Gladstone Commercial had a return on equity of 14.61% and a net margin of 14.55%. The business had revenue of $43.99 million during the quarter, compared to the consensus estimate of $42.18 million. On average, equities analysts forecast that Gladstone Commercial Corporation will post 1.39 EPS for the current year.

Gladstone Commercial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $1.20 annualized dividend and a dividend yield of 10.2%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 461.54%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Man Group plc bought a new stake in Gladstone Commercial in the second quarter worth $1,018,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Gladstone Commercial by 11,990.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,282 shares of the real estate investment trust’s stock valued at $987,000 after purchasing an additional 79,618 shares during the period. BlackRock Inc. bought a new position in shares of Gladstone Commercial in the second quarter worth approximately $55,101,000. Bank of New York Mellon Corp purchased a new stake in shares of Gladstone Commercial during the second quarter worth about $2,648,000. Finally, Ieq Capital LLC purchased a new stake in Gladstone Commercial in the 2nd quarter worth $830,000. 45.51% of the stock is currently owned by institutional investors.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT) that acquires, owns and manages income-producing commercial real estate in the United States. The company primarily invests in office and industrial properties, including single-tenant and select multi-tenant facilities leased to business and government tenants.

Gladstone Commercial generally leases its properties under long-term arrangements and seeks to generate rental income through a diversified portfolio of commercial real estate.