Gladstone Commercial (NASDAQ:GOOD) Reaches New 52-Week Low - Here's Why

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

Analyst Upgrades and Downgrades

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

Gladstone Commercial Trading Up 1.9 %

The company has a quick ratio of 3.54, a current ratio of 5.68 and a debt-to-equity ratio of 4.05. The stock's 50 day moving average is $15.21 and its two-hundred day moving average is $16.01. The company has a market capitalization of $626.41 million, a PE ratio of 52.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.11 by $0.24. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The business had revenue of $37.38 million during the quarter, compared to analyst estimates of $38.04 million. As a group, sell-side analysts predict that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

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Gladstone Commercial Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 21st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 21st. Gladstone Commercial's dividend payout ratio is currently 461.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GOOD. Geode Capital Management LLC boosted its position in Gladstone Commercial by 3.2% during the third quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust's stock valued at $17,837,000 after purchasing an additional 34,017 shares in the last quarter. State Street Corp raised its holdings 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 purchasing an additional 36,616 shares in the last quarter. Barclays PLC lifted its position in shares of Gladstone Commercial by 323.4% during the third quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust's stock valued at $1,009,000 after buying an additional 47,456 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Gladstone Commercial by 78.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust's stock valued at $2,941,000 after buying an additional 79,893 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Gladstone Commercial by 33.0% in 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 worth $742,000 after buying an additional 11,340 shares during the last quarter. 45.51% of the stock is currently 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.