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

Gladstone Commercial Corporation (NASDAQ:GOOD) shares passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $12.58 and traded as high as $12.86. Gladstone Commercial shares last traded at $12.82, with a volume of 271,116 shares.

Analyst Upgrades and Downgrades

GOOD has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Commercial in a research note on Monday, August 24th. Huntington assumed coverage on shares of Gladstone Commercial in a research report on Wednesday, July 15th. They set a “market perform” rating and a $13.00 target price for the company. Four research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.83.

Gladstone Commercial Trading Down 1.5%

The firm has a 50 day simple moving average of $12.83 and a 200 day simple moving average of $12.59. The company has a debt-to-equity ratio of 5.43, a quick ratio of 3.72 and a current ratio of 3.72. The firm has a market cap of $612.39 million, a P/E ratio of 48.66 and a beta of 1.07.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $42.18 million. On average, equities research analysts predict that Gladstone Commercial Corporation will post 1.39 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, December 21st will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Monday, December 21st. Gladstone Commercial’s dividend payout ratio (DPR) is 461.54%.

Institutional Trading of Gladstone Commercial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC grew its stake in shares of Gladstone Commercial by 2.4% in the first quarter. Inspire Investing LLC now owns 44,891 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 1,043 shares during the last quarter. Farther Finance Advisors LLC raised its position in Gladstone Commercial by 16.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,878 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 1,097 shares during the last quarter. Beacon Investment Advisors LLC raised its position in Gladstone Commercial by 2.6% during the 4th quarter. Beacon Investment Advisors LLC now owns 44,397 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 1,129 shares during the last quarter. Kestra Advisory Services LLC raised its position in Gladstone Commercial by 11.4% during the 1st quarter. Kestra Advisory Services LLC now owns 15,259 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 1,562 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its holdings in Gladstone Commercial by 7.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 22,326 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 1,595 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 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.