Gladstone Commercial (NASDAQ:GOOD) Hits New 1-Year Low – Here’s Why

Gladstone Commercial Co. (NASDAQ:GOOD) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $12.67 and last traded at $13.59, with a volume of 234109 shares traded. The stock had previously closed at $13.16.

Analyst Ratings Changes

Separately, StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Gladstone Commercial Stock Performance

The company has a market cap of $626.87 million, a PE ratio of 52.69, a PEG ratio of 1.82 and a beta of 1.17. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05. The business’s 50 day moving average is $15.42 and its two-hundred day moving average is $16.08.

Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.24. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The firm had revenue of $37.38 million during the quarter, compared to analysts’ expectations of $38.04 million. On average, equities research analysts anticipate that Gladstone Commercial Co. will post 1.45 EPS for the current year.

Gladstone Commercial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 8.76%. The ex-dividend date is Friday, June 20th. Gladstone Commercial’s dividend payout ratio (DPR) is presently 461.54%.

Institutional Trading of Gladstone Commercial

Several hedge funds have recently modified their holdings of GOOD. Charles Schwab Investment Management Inc. raised its position in Gladstone Commercial by 36.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock valued at $7,168,000 after purchasing an additional 117,988 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Gladstone Commercial by 68.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 2,885 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Gladstone Commercial by 33.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,675 shares of the real estate investment trust’s stock valued at $742,000 after buying an additional 11,340 shares during the period. State Street Corp lifted its position in Gladstone Commercial by 3.6% in the third quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock worth $17,074,000 after buying an additional 36,616 shares during the last quarter. Finally, Barclays PLC boosted its stake in Gladstone Commercial by 323.4% during the third quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust’s stock worth $1,009,000 after buying an additional 47,456 shares during the period. 45.51% of the stock is owned by hedge funds and other institutional investors.

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.