Gladstone Commercial (NASDAQ:GOOD) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Gladstone Commercial Corporation (NASDAQ:GOOD)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.70 and traded as high as $12.39. Gladstone Commercial shares last traded at $12.34, with a volume of 487,751 shares changing hands.

Analysts Set New Price Targets

GOOD has been the subject of several research reports. B. Riley Financial reaffirmed a “neutral” rating and set a $12.50 price target (up from $11.00) on shares of Gladstone Commercial in a research note on Tuesday, February 24th. Wall Street Zen upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gladstone Commercial in a report on Monday, December 29th. Zacks Research upgraded shares of Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Loop Capital set a $13.00 price objective on shares of Gladstone Commercial in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Gladstone Commercial has an average rating of “Hold” and an average price target of $12.75.

Gladstone Commercial Price Performance

The company has a market capitalization of $604.64 million, a price-to-earnings ratio of 89.21 and a beta of 1.09. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 4.92. The company’s 50 day simple moving average is $11.55 and its 200-day simple moving average is $11.70.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.31). The firm had revenue of $43.46 million for the quarter, compared to analyst estimates of $41.23 million. Gladstone Commercial had a return on equity of 10.75% and a net margin of 11.95%. On average, equities research analysts predict that Gladstone Commercial Corporation will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

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

Hedge Funds Weigh In On Gladstone Commercial

Several institutional investors and hedge funds have recently bought and sold shares of GOOD. AQR Capital Management LLC increased its holdings in shares of Gladstone Commercial by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 121,125 shares of the real estate investment trust’s stock worth $1,814,000 after buying an additional 1,907 shares during the last quarter. Millennium Management LLC lifted its stake in shares of 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 valued at $3,838,000 after purchasing an additional 215,245 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Gladstone Commercial in the 1st quarter valued at about $205,000. Jane Street Group LLC purchased a new stake in Gladstone Commercial during the first quarter worth approximately $1,805,000. Finally, Strs Ohio acquired a new stake in shares of Gladstone Commercial in the first quarter worth $120,000. Institutional investors and hedge funds own 45.51% of the company’s stock.

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.