Gladstone Commercial (NASDAQ:GOOD) Sets New 1-Year High - Should You Buy?

Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $16.91 and last traded at $16.84, with a volume of 52343 shares traded. The stock had previously closed at $16.01.

Wall Street Analysts Forecast Growth

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

Gladstone Commercial Trading Up 6.4 %

The firm's 50-day moving average price is $15.87 and its 200 day moving average price is $14.87. 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 company has a market cap of $724.71 million, a price-to-earnings ratio of -424.75, a P/E/G ratio of 1.85 and a beta of 1.21.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.37). Gladstone Commercial had a net margin of 7.90% and a return on equity of 7.34%. The company had revenue of $37.06 million for the quarter, compared to the consensus estimate of $35.89 million. During the same quarter last year, the business posted $0.41 earnings per share. As a group, equities analysts expect that Gladstone Commercial Co. will post 1.4 EPS for the current year.

Gladstone Commercial Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 7.04%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial's dividend payout ratio (DPR) is presently -3,000.00%.

Institutional Investors Weigh In On Gladstone Commercial

A number of hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new stake in Gladstone Commercial in the 3rd quarter valued at about $2,306,000. Freestone Capital Holdings LLC bought a new stake in Gladstone Commercial in the 1st quarter valued at about $1,107,000. GSA Capital Partners LLP raised its stake in Gladstone Commercial by 436.0% in the 1st quarter. GSA Capital Partners LLP now owns 94,043 shares of the real estate investment trust's stock valued at $1,302,000 after acquiring an additional 76,499 shares during the period. Vanguard Group Inc. raised its stake in Gladstone Commercial by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust's stock valued at $55,999,000 after acquiring an additional 53,802 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Gladstone Commercial by 1,524.0% in the 3rd quarter. International Assets Investment Management LLC now owns 37,644 shares of the real estate investment trust's stock valued at $611,000 after acquiring an additional 35,326 shares during the period. 45.51% of the stock is currently owned by 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.