Gladstone Commercial (NASDAQ:GOOD) Shares Cross Above 200-Day Moving Average – Here’s Why

Gladstone Commercial Corporation (NASDAQ:GOOD)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.99 and traded as high as $12.90. Gladstone Commercial shares last traded at $12.53, with a volume of 607,765 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Gladstone Commercial currently has a consensus rating of “Hold” and a consensus price target of $12.75.

Gladstone Commercial Trading Down 0.6%

The stock has a 50-day moving average of $12.51 and a two-hundred day moving average of $12.01. The company has a market cap of $600.77 million, a P/E ratio of 68.95 and a beta of 1.07. The company has a debt-to-equity ratio of 5.13, a quick ratio of 4.03 and a current ratio of 4.03.

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, topping the consensus estimate of $0.05 by $0.30. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%.The business had revenue of $41.91 million for the quarter, compared to the consensus estimate of $42.94 million. On average, equities research analysts predict that Gladstone Commercial Corporation will post 1.41 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend was Tuesday, June 23rd. Gladstone Commercial’s dividend payout ratio is 666.67%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GOOD. Bank of America Corp DE lifted its stake in shares of 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 buying an additional 13,936 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Gladstone Commercial by 24.7% during 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 acquiring an additional 36,156 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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 acquiring an additional 4,134 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Gladstone Commercial in the 1st quarter worth approximately $46,000. Finally, Dimensional Fund Advisors LP lifted its position in Gladstone Commercial by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 657,267 shares of the real estate investment trust’s stock valued at $7,512,000 after acquiring an additional 21,502 shares in the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.

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.