Gladstone Commercial (NASDAQ:GOOD) Sees Unusually-High Trading Volume - Here's Why

Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 504,034 shares traded hands during 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.

Wall Street Analysts Forecast Growth

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

Gladstone Commercial Price Performance

The company's 50 day simple moving average is $16.09 and its 200 day simple moving average is $16.18. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. The stock has a market cap of $697.37 million, a P/E ratio of 60.69, a P/E/G ratio of 1.82 and a beta of 1.25.

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

Remove Ads

Gladstone Commercial Dividend Announcement

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

Hedge Funds Weigh In On Gladstone Commercial

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Gladstone Commercial by 51.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust's stock worth $10,848,000 after buying an additional 226,602 shares during the period. Vanguard Group Inc. raised its holdings in shares of Gladstone Commercial by 5.2% during the fourth quarter. Vanguard Group Inc. now owns 4,283,840 shares of the real estate investment trust's stock worth $69,570,000 after acquiring an additional 213,281 shares during the period. Los Angeles Capital Management LLC bought a new stake in Gladstone Commercial in the 3rd quarter valued at $2,306,000. JPMorgan Chase & Co. boosted its stake in Gladstone Commercial by 64.2% in the 4th quarter. JPMorgan Chase & Co. now owns 297,473 shares of the real estate investment trust's stock worth $4,831,000 after purchasing an additional 116,355 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in Gladstone Commercial during the 4th quarter worth about $1,471,000. 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.