Gladstone Commercial (NASDAQ:GOOD) Shares Cross Above Two Hundred Day Moving Average of $13.32

Shares of Gladstone Commercial Co. (NASDAQ:GOODGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.32 and traded as high as $14.58. Gladstone Commercial shares last traded at $14.54, with a volume of 144,981 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GOOD. Alliance Global Partners began coverage on shares of Gladstone Commercial in a research note on Monday, March 18th. They set a “buy” rating and a $15.50 price target for the company. StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Monday, May 27th.

View Our Latest Analysis on GOOD

Gladstone Commercial Stock Down 1.3 %

The company has a debt-to-equity ratio of 4.85, a quick ratio of 3.67 and a current ratio of 3.67. The company’s 50 day moving average price is $13.88 and its 200-day moving average price is $13.34.

Gladstone Commercial (NASDAQ:GOODGet Free Report) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.33). Gladstone Commercial had a net margin of 3.60% and a return on equity of 3.19%. The business had revenue of $35.72 million during the quarter, compared to analysts’ expectations of $36.41 million. Equities analysts forecast that Gladstone Commercial Co. will post 1.36 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.20 dividend on an annualized basis and a yield of 8.36%. Gladstone Commercial’s dividend payout ratio is -631.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GOOD. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Gladstone Commercial by 2,656.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 528,301 shares of the real estate investment trust’s stock valued at $6,995,000 after purchasing an additional 509,133 shares in the last quarter. Freestone Capital Holdings LLC purchased a new position in shares of Gladstone Commercial during the 1st quarter valued at $1,107,000. GSA Capital Partners LLP grew its position in shares of Gladstone Commercial by 436.0% during the 1st quarter. GSA Capital Partners LLP now owns 94,043 shares of the real estate investment trust’s stock valued at $1,302,000 after purchasing an additional 76,499 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Gladstone Commercial by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock valued at $55,999,000 after purchasing an additional 53,802 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Gladstone Commercial by 28.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 193,818 shares of the real estate investment trust’s stock worth $2,566,000 after acquiring an additional 42,404 shares during the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Commercial Company Profile

(Get Free Report)

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.

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