Gladstone Commercial (NASDAQ:GOOD) Trading 6.9% Higher – Here’s Why

Gladstone Commercial Corporation (NASDAQ:GOOD)’s stock price traded up 6.9% on Thursday . The company traded as high as $12.24 and last traded at $12.23. 761,507 shares traded hands during trading, an increase of 62% from the average session volume of 471,270 shares. The stock had previously closed at $11.44.

Wall Street Analyst Weigh In

GOOD has been the topic of several research analyst reports. B. Riley Financial restated a “neutral” rating and issued a $11.00 price objective (down from $12.00) on shares of Gladstone Commercial in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gladstone Commercial in a research note on Monday, December 29th. Wall Street Zen raised Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research raised Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Loop Capital set a $13.00 price objective on Gladstone Commercial in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Gladstone Commercial currently has an average rating of “Hold” and a consensus target price of $12.00.

Gladstone Commercial Trading Up 4.5%

The company has a current ratio of 5.36, a quick ratio of 4.31 and a debt-to-equity ratio of 4.92. The stock has a 50 day moving average price of $11.27 and a 200 day moving average price of $11.75. The company has a market cap of $607.55 million, a PE ratio of 89.64 and a beta of 1.11.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.31). Gladstone Commercial had a return on equity of 10.75% and a net margin of 11.95%.The business had revenue of $43.46 million for the quarter, compared to the consensus estimate of $41.23 million. Sell-side analysts predict that Gladstone Commercial Corporation will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Commercial’s dividend payout ratio (DPR) is 857.14%.

Hedge Funds Weigh In On Gladstone Commercial

Institutional investors and hedge funds have recently modified their holdings of the stock. Loomis Sayles & Co. L P grew its holdings in shares of Gladstone Commercial by 249.7% during the second quarter. Loomis Sayles & Co. L P now owns 1,759 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,256 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Gladstone Commercial in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC increased its position in Gladstone Commercial by 751.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,578 shares during the last quarter. Danske Bank A S bought a new stake in shares of Gladstone Commercial during the 4th quarter valued at about $30,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Gladstone Commercial during the 3rd quarter valued at about $34,000. 45.51% of the stock is currently owned by institutional investors.

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.