Gladstone Commercial (NASDAQ:GOOD) Stock Crosses Above 200 Day Moving Average – Here’s Why

Gladstone Commercial Corporation (NASDAQ:GOOD) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.70 and traded as high as $12.76. Gladstone Commercial shares last traded at $12.61, with a volume of 716,053 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on GOOD. Wall Street Zen upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. B. Riley Financial restated a “neutral” rating and set a $12.50 target price (up from $11.00) on shares of Gladstone Commercial in a research note on Tuesday, February 24th. Finally, Weiss Ratings upgraded Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Gladstone Commercial currently has an average rating of “Hold” and a consensus price target of $12.75.

Gladstone Commercial Stock Down 0.9%

The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 5.13. The company has a fifty day simple moving average of $12.27 and a 200-day simple moving average of $11.70. The firm has a market cap of $610.41 million, a P/E ratio of 70.06 and a beta of 1.09.

Gladstone Commercial (NASDAQ:GOOD) last posted 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. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%.The firm had revenue of $41.91 million for the quarter, compared to analysts’ expectations of $42.94 million. On average, equities analysts anticipate that Gladstone Commercial Corporation will post 1.41 earnings per share for the current year.

Gladstone Commercial Announces Dividend

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

Institutional Investors Weigh In On Gladstone Commercial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOOD. Goldman Sachs Group Inc. raised its stake in Gladstone Commercial by 211.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 521,090 shares of the real estate investment trust’s stock worth $5,560,000 after acquiring an additional 353,525 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Gladstone Commercial by 56.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock worth $10,150,000 after buying an additional 298,114 shares during the period. Invesco Ltd. boosted its holdings in Gladstone Commercial by 33.6% in the 3rd quarter. Invesco Ltd. now owns 928,241 shares of the real estate investment trust’s stock worth $11,436,000 after buying an additional 233,493 shares during the period. Millennium Management LLC boosted its holdings in Gladstone Commercial by 525.8% in the 1st quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust’s stock worth $3,838,000 after buying an additional 215,245 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Gladstone Commercial by 113.0% in the 2nd quarter. AQR Capital Management LLC now owns 257,948 shares of the real estate investment trust’s stock worth $3,696,000 after buying an additional 136,823 shares during the period. 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.