Gladstone Commercial Corporation (NASDAQ:GOOD – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.63 and traded as high as $12.97. Gladstone Commercial shares last traded at $12.89, with a volume of 497,904 shares trading hands.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on GOOD. B. Riley Financial reaffirmed a “neutral” rating and set a $12.50 price objective (up from $11.00) on shares of Gladstone Commercial in a research note on Tuesday, February 24th. Wall Street Zen raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings cut shares of Gladstone Commercial from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.75.
View Our Latest Research Report on Gladstone Commercial
Gladstone Commercial Stock Up 0.8%
Gladstone Commercial (NASDAQ:GOOD – Get Free Report) last posted its quarterly earnings results 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. Gladstone Commercial had a net margin of 12.74% and a return on equity of 12.11%. The company had revenue of $41.91 million during the quarter, compared to analyst estimates of $42.94 million. Research analysts predict that Gladstone Commercial Corporation will post 1.41 EPS for the current fiscal year.
Gladstone Commercial Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.10 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 9.3%. Gladstone Commercial’s dividend payout ratio is 666.67%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in GOOD. International Assets Investment Management LLC bought a new position in Gladstone Commercial in the 4th quarter worth $25,000. EverSource Wealth Advisors LLC raised its holdings in Gladstone Commercial by 751.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,578 shares in the last quarter. Danske Bank A S bought a new position in Gladstone Commercial in the 4th quarter worth $30,000. Advisory Services Network LLC bought a new position in Gladstone Commercial in the 3rd quarter worth $34,000. Finally, Parallel Advisors LLC raised its holdings 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 in the last quarter. 45.51% of the stock is currently owned by 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.
Recommended Stories
- Five stocks we like better than Gladstone Commercial
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with MarketBeat.com's FREE daily email newsletter.
