Gladstone Commercial Co. (NASDAQ:GOOD) Stock Analysis and Performance
Gladstone Commercial Co. (NASDAQ: GOOD) has been making waves in the investment world, with Parallel Advisors LLC recently lowering its position in the company by 28.6% in the fourth quarter. The fund sold 989 shares, bringing its total holdings to 2,470 shares worth $33,000.
Other large investors have also been active in the market, with EMC Capital Management increasing its position by 363.8% in the third quarter and Baader Bank Aktiengesellschaft purchasing a new position in the fourth quarter. Dark Forest Capital Management LP and First Citizens Bank & Trust Co. have also made significant investments in Gladstone Commercial.
The stock performance of Gladstone Commercial has been solid, with the company opening at $14.35 on Friday. The company has a current ratio of 3.67 and a debt-to-equity ratio of 4.85. With a market capitalization of $574.72 million, Gladstone Commercial has a P/E ratio of -75.53 and a beta of 1.17.
In terms of earnings, Gladstone Commercial reported $0.01 earnings per share for the quarter, falling short of the consensus estimate of $0.34. The company had a net margin of 3.60% and a return on equity of 3.19%. Analysts expect Gladstone Commercial to post 1.36 earnings per share for the current fiscal year.
Additionally, Gladstone Commercial recently announced a monthly dividend of $0.10 per share, with a yield of 8.36%. The firm’s dividend payout ratio is currently -631.58%.
Analysts have mixed opinions on Gladstone Commercial, with Alliance Global Partners issuing a “buy” rating and a $15.50 price target, while StockNews.com downgraded the stock from “buy” to “hold.”
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. The company has paid 229 consecutive monthly cash distributions on its common stock.
Overall, Gladstone Commercial is a company to watch in the investment world, with a strong performance and potential for growth. Investors should keep an eye on future developments and analyst recommendations for this promising stock.