Gladstone Commercial (NASDAQ:GOOD) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Gladstone Commercial Corporation (NASDAQ:GOOD) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.63 and traded as high as $12.25. Gladstone Commercial shares last traded at $12.02, with a volume of 484,979 shares.

Wall Street Analyst Weigh In

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

Gladstone Commercial Stock Down 1.6%

The stock has a 50 day moving average price of $11.85 and a 200 day moving average price of $11.63. The company has a debt-to-equity ratio of 4.92, a quick ratio of 5.36 and a current ratio of 5.36. The company has a market capitalization of $581.89 million, a P/E ratio of 85.86 and a beta of 1.09.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.31). The company had revenue of $43.46 million for the quarter, compared to the consensus estimate of $41.23 million. Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%. Equities research analysts forecast 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. Stockholders 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 dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Commercial’s dividend payout ratio is currently 857.14%.

Hedge Funds Weigh In On Gladstone Commercial

Several institutional investors have recently bought and sold shares of the company. State of New Jersey Common Pension Fund D boosted its position in Gladstone Commercial by 64.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 225,246 shares of the real estate investment trust’s stock worth $2,775,000 after purchasing an additional 88,467 shares during the period. Geode Capital Management LLC raised its position in shares of Gladstone Commercial by 3.5% in the second quarter. Geode Capital Management LLC now owns 1,219,393 shares of the real estate investment trust’s stock valued at $17,476,000 after purchasing an additional 41,774 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Gladstone Commercial by 54.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 562,671 shares of the real estate investment trust’s stock valued at $8,063,000 after purchasing an additional 198,624 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of Gladstone Commercial by 179.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 69,769 shares of the real estate investment trust’s stock valued at $860,000 after buying an additional 44,807 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Gladstone Commercial by 20.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,354 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 1,783 shares in the last quarter. 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.