Gladstone Commercial (NASDAQ:GOOD) Sees Strong Trading Volume – Should You Buy?

Gladstone Commercial Co. (NASDAQ:GOOD) shares saw strong trading volume on Monday . 504,034 shares changed hands during mid-day trading, an increase of 115% from the previous session’s volume of 234,108 shares.The stock last traded at $16.24 and had previously closed at $16.23.

Analyst Ratings Changes

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

Gladstone Commercial Trading Down 1.4 %

The firm has a market cap of $707.09 million, a P/E ratio of 61.54, a PEG ratio of 1.82 and a beta of 1.25. The company’s 50 day moving average is $16.12 and its two-hundred day moving average is $16.16. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54.

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

Gladstone Commercial Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were paid a $0.10 dividend. The ex-dividend date was Friday, January 24th. This represents a yield of 7.48%. Gladstone Commercial’s payout ratio is currently 461.54%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Gladstone Commercial in the 4th quarter valued at approximately $797,000. Ameriflex Group Inc. acquired a new position in shares of Gladstone Commercial in the 4th quarter worth approximately $97,000. PharVision Advisers LLC acquired a new position in shares of Gladstone Commercial in the 4th quarter worth approximately $205,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Gladstone Commercial by 36.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,097 shares of the real estate investment trust’s stock worth $1,008,000 after acquiring an additional 16,422 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Gladstone Commercial during the 4th quarter valued at $205,000. Institutional investors and hedge funds own 45.51% of the company’s stock.

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.