Gladstone Commercial Corporation (NASDAQ:GOOD – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.84 and traded as high as $12.36. Gladstone Commercial shares last traded at $12.01, with a volume of 658,347 shares changing hands.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Wall Street Zen raised Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings raised Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Finally, B. Riley Financial reaffirmed a “neutral” rating and set a $12.50 target price (up from $11.00) on shares of Gladstone Commercial in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.75.
Get Our Latest Stock Analysis on Gladstone Commercial
Gladstone Commercial Stock Performance
Gladstone Commercial (NASDAQ:GOOD – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.30. The company had revenue of $41.91 million during the quarter, compared to the consensus estimate of $42.94 million. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%. Analysts predict that Gladstone Commercial Corporation will post 1.41 EPS for the current fiscal year.
Gladstone Commercial Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued 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 Tuesday, June 23rd. Gladstone Commercial’s dividend payout ratio is currently 666.67%.
Hedge Funds Weigh In On Gladstone Commercial
Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Gladstone Commercial by 751.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,578 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Gladstone Commercial in the 4th quarter valued at approximately $25,000. Advisory Services Network LLC purchased a new stake in shares of Gladstone Commercial in the 3rd quarter valued at approximately $34,000. Danske Bank A S acquired a new position in Gladstone Commercial in the 4th quarter worth approximately $30,000. Finally, Parallel Advisors LLC boosted its stake in Gladstone Commercial by 71.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,168 shares during the period. Hedge funds and other institutional investors 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.
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