Gladstone Commercial (NASDAQ:GOOD) Reaches New 12-Month High – Should You Buy?

Gladstone Commercial Co. (NASDAQ:GOOD) shares hit a new 52-week high on Tuesday . The company traded as high as $16.91 and last traded at $16.84, with a volume of 52343 shares. The stock had previously closed at $16.01.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. B. Riley restated a “neutral” rating and set a $15.00 price objective (up previously from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th.

Gladstone Commercial Price Performance

The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 4.95. The stock has a 50-day simple moving average of $15.95 and a 200 day simple moving average of $14.91. The stock has a market capitalization of $720.88 million, a price-to-earnings ratio of 84.75, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.37). The company had revenue of $37.06 million for the quarter, compared to analyst estimates of $35.89 million. Gladstone Commercial had a return on equity of 14.32% and a net margin of 14.47%. During the same quarter in the prior year, the business posted $0.41 earnings per share. On average, equities research analysts forecast that Gladstone Commercial Co. will post 1.4 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial’s dividend payout ratio (DPR) is currently 600.00%.

Hedge Funds Weigh In On Gladstone Commercial

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Gladstone Commercial by 1.3% during the first quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock valued at $55,999,000 after purchasing an additional 53,802 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Gladstone Commercial by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock valued at $20,122,000 after buying an additional 34,400 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Gladstone Commercial by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 567,878 shares of the real estate investment trust’s stock valued at $8,103,000 after buying an additional 14,452 shares in the last quarter. LSV Asset Management raised its position in Gladstone Commercial by 1.5% during the second quarter. LSV Asset Management now owns 327,900 shares of the real estate investment trust’s stock valued at $4,679,000 after acquiring an additional 4,800 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in Gladstone Commercial by 13.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 160,270 shares of the real estate investment trust’s stock valued at $2,218,000 after acquiring an additional 18,587 shares in the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.

About Gladstone Commercial

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.