Gladstone Commercial (NASDAQ:GOOD) Reaches New 1-Year High at $15.52

Shares of Gladstone Commercial Co. (NASDAQ:GOOD) reached a new 52-week high during trading on Thursday . The stock traded as high as $15.52 and last traded at $15.45, with a volume of 30033 shares traded. The stock had previously closed at $15.43.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

Gladstone Commercial Stock Up 2.0 %

The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 4.95. The stock has a market capitalization of $681.76 million, a P/E ratio of -84.37, a PEG ratio of 1.86 and a beta of 1.21. The company has a fifty day moving average price of $14.85 and a 200-day moving average price of $14.12.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). The firm had revenue of $37.06 million during the quarter, compared to the consensus estimate of $35.89 million. Gladstone Commercial had a return on equity of 7.34% and a net margin of 7.90%. During the same period in the previous year, the firm earned $0.41 EPS. As a group, research analysts forecast that Gladstone Commercial Co. will post 1.38 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.20 annualized dividend and a yield of 7.49%. Gladstone Commercial’s dividend payout ratio (DPR) is currently -631.58%.

Institutional Trading of Gladstone Commercial

A number of large investors have recently made changes to their positions in the business. Ballentine Partners LLC grew its position in Gladstone Commercial by 5.3% in the second quarter. Ballentine Partners LLC now owns 14,214 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 714 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Gladstone Commercial by 4.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,087 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 867 shares during the period. Victory Capital Management Inc. increased its position in shares of Gladstone Commercial by 1.8% during the 4th quarter. Victory Capital Management Inc. now owns 58,028 shares of the real estate investment trust’s stock valued at $768,000 after purchasing an additional 1,003 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Gladstone Commercial by 7.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,990 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 1,185 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Gladstone Commercial by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 159,547 shares of the real estate investment trust’s stock worth $2,277,000 after buying an additional 1,327 shares during the last quarter. 45.51% of the stock is currently owned by institutional investors.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.