Gladstone Commercial (NASDAQ:GOOD) Reaches New 1-Year Low – Here’s What Happened

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

Wall Street Analyst Weigh In

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

Gladstone Commercial Stock Up 1.0 %

The company has a debt-to-equity ratio of 4.05, a quick ratio of 3.54 and a current ratio of 5.68. The stock’s 50 day moving average price is $15.26 and its 200-day moving average price is $16.03. The company has a market cap of $614.52 million, a PE ratio of 51.65, a PEG ratio of 1.82 and a beta of 1.17.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.24. The firm had revenue of $37.38 million for 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, analysts predict that Gladstone Commercial Co. will post 1.45 earnings per share for the current year.

Gladstone Commercial Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 21st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, April 21st. Gladstone Commercial’s dividend payout ratio (DPR) is currently 461.54%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GOOD. Charles Schwab Investment Management Inc. grew its holdings in Gladstone Commercial by 36.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock worth $7,168,000 after acquiring an additional 117,988 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Gladstone Commercial by 33.0% in the third 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 worth $742,000 after purchasing an additional 11,340 shares during the last quarter. State Street Corp increased its holdings in Gladstone Commercial by 3.6% during the 3rd quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock valued at $17,074,000 after purchasing an additional 36,616 shares during the period. Barclays PLC raised its position in Gladstone Commercial by 323.4% during the 3rd quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust’s stock valued at $1,009,000 after purchasing an additional 47,456 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Gladstone Commercial by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust’s stock worth $17,837,000 after buying an additional 34,017 shares during the period. Institutional investors 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.