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

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GOOD shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gladstone Commercial in a research note on Monday, December 29th. B. Riley Financial reaffirmed a “neutral” rating and set a $11.00 target price (down from $12.00) on shares of Gladstone Commercial in a research report on Monday, November 24th. 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 target on shares of Gladstone Commercial in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.00.

Gladstone Commercial Stock Performance

The company has a debt-to-equity ratio of 4.58, a quick ratio of 4.31 and a current ratio of 4.31. The firm’s 50-day moving average price is $11.21 and its two-hundred day moving average price is $11.75. The firm has a market capitalization of $585.88 million, a price-to-earnings ratio of 67.26 and a beta of 1.11.

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 11.77% and a net margin of 13.59%. Sell-side analysts predict that Gladstone Commercial Corporation will post 1.45 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Commercial’s dividend payout ratio is 666.67%.

Institutional Investors Weigh In On Gladstone Commercial

Several hedge funds and other institutional investors have recently made changes to their positions in GOOD. Goldman Sachs Group Inc. increased its position in shares of Gladstone Commercial by 211.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 521,090 shares of the real estate investment trust’s stock valued at $5,560,000 after buying an additional 353,525 shares in the last quarter. Qube Research & Technologies Ltd grew its position in shares of 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 valued at $10,150,000 after purchasing an additional 298,114 shares during the period. Invesco Ltd. increased its stake in Gladstone Commercial by 33.6% during the 3rd quarter. Invesco Ltd. now owns 928,241 shares of the real estate investment trust’s stock worth $11,436,000 after purchasing an additional 233,493 shares in the last quarter. Millennium Management LLC lifted its stake in Gladstone Commercial by 525.8% in the first quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust’s stock valued at $3,838,000 after buying an additional 215,245 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Gladstone Commercial by 54.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 562,671 shares of the real estate investment trust’s stock worth $8,063,000 after acquiring an additional 198,624 shares in the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.

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.