Gladstone Commercial (NASDAQ:GOOD) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.15 and traded as high as $13.13. Gladstone Commercial shares last traded at $13.00, with a volume of 405,761 shares trading hands.

Wall Street Analysts Forecast Growth

GOOD has been the topic of several analyst reports. Huntington assumed coverage on shares of Gladstone Commercial in a research note on Wednesday, July 15th. They set a “market perform” rating and a $13.00 price target on the stock. Weiss Ratings raised shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Gladstone Commercial presently has a consensus rating of “Hold” and an average price target of $12.83.

Gladstone Commercial Stock Performance

The stock has a 50-day simple moving average of $12.57 and a 200-day simple moving average of $12.17. The company has a market capitalization of $627.39 million, a price-to-earnings ratio of 72.00 and a beta of 1.07. 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 released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate 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%. On average, analysts anticipate that Gladstone Commercial Corporation will post 1.41 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Commercial’s dividend payout ratio (DPR) is currently 666.67%.

Institutional Investors Weigh In On Gladstone Commercial

A number of institutional investors have recently modified their holdings of GOOD. Bank of America Corp DE grew its stake in Gladstone Commercial by 27.6% in the first quarter. Bank of America Corp DE now owns 64,448 shares of the real estate investment trust’s stock worth $737,000 after purchasing an additional 13,936 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Gladstone Commercial by 24.7% in the first quarter. Quantinno Capital Management LP now owns 182,555 shares of the real estate investment trust’s stock valued at $2,087,000 after buying an additional 36,156 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Gladstone Commercial by 49.1% during the first quarter. PNC Financial Services Group Inc. now owns 12,562 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 4,134 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Gladstone Commercial during the first quarter valued at approximately $46,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Gladstone Commercial by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 657,267 shares of the real estate investment trust’s stock worth $7,512,000 after buying an additional 21,502 shares during the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Company Profile

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.