Gladstone Commercial Corporation (GOOD) Outlook Starting To Look Brighter?

Geode Capital Management LLC has recently announced that it has increased stake in Gladstone Commercial Corporation (NASDAQ:GOOD) by 0.50%. After grabbing 0.81 million shares, the institutional investor is now in possession of 4055.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 2.06% having worth around $15.46 million. Moreover, XML Financial LLC increased its share by 0.52 million to have a control over 0.52 million shares. And Dimensional Fund Advisors LP raised its holdings to 5914.0 shares by acquiring 0.51 million shares or 1.29% of the stake.

Gladstone Commercial Corporation (GOOD) concluded trading on 01/11/23 at a closing price of $16.76, with 1.93 million shares of worth about $32.36 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.52% during that period and on Wednesday the price saw a loss of about -13.79%. Currently the company’s common shares owned by public are about 39.51M shares, out of which, 38.97M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 1 times over the past 12 months. They bought 1,000 shares in 1 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Gladstone Commercial Corporation Vanguard Real Estate Index Fund is currently holding 1.78 million shares of worth totaling $33.89 million. The company recently came buying 34318.0 shares which brought its stake up to 4.51% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 4024.0 shares, after which its hold over company’s outstanding shares expand to 2.97%, leaving 1.17 million shares with the mutual fund that have a worth of about $22.31 million. iShares Russell 2000 ETF, after buying 0.84 million shares, have now control over 2.12% of the stake in the company. It holds 1704.0 shares of worth $15.92 million.

Gladstone Commercial Corporation (NASDAQ: GOOD) started trading at $17.48, below -$1.96 from concluding price of the previous day. However, the stock later moved at a day high price of 17.88, or with a loss of -13.79%. Stock saw a price change of -12.98% in past 5 days and over the past one month there was a price change of -12.07%. Year-to-date (YTD), GOOD shares are showing a performance of -9.41% which decreased to -31.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.02 but also hit the highest price of $25.23 during that period. The average intraday trading volume for Gladstone Commercial Corporation shares is 207.34K. The stock is currently trading -11.31% below its 20-day simple moving average (SMA20), while that difference is down -9.78% for SMA50 and it goes to -12.33% lower than SMA200.

Geode Capital Management LLC acquired 0.81 million shares of Gladstone Commercial Corporation having value of about $15.46 million. Data submitted at the U.S SEC by Geode Capital Management LLC revealed that the firm now holds 4055.0 shares in the company valued at close to $67961.8, or have control over 0.50% stake in the company. Gladstone Commercial Corporation (NASDAQ: GOOD) currently have 39.51M outstanding shares and institutions hold larger chunk of about 47.00% of that. Holding of mutual funds in the company is about 22.60% while other institutional holders and individual stake holders have control over 23.87% and 1.71% of the stake respectively.

The stock has a current market capitalization of $704.42M and its 3Y-monthly beta is at 1.15. It has posted earnings per share of -$0.05 in the same period. It has a debt-to-equity ratio of 3.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GOOD, volatility over the week remained 3.88% while standing at 2.63% over the month.

Analysts are in expectations that Gladstone Commercial Corporation (GOOD) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.03 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -234.70% while it is estimated to decrease by -75.00% in next year. EPS is likely to grow at an annualized rate of 6.00% for next 5-years, compared to annual growth of 4.80% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Colliers Securities on June 03, 2021 offering a Buy rating for the stock and assigned a target price of $25 to it. Coverage by Aegis Capital stated Gladstone Commercial Corporation (GOOD) stock as a Buy in their note to investors on April 13, 2021, suggesting a price target of $23 for the stock. On March 27, 2020, B. Riley FBR Upgrade their recommendations, while on November 11, 2019, National Securities Initiated their ratings for the stock with a price target of $25. Stock get an Outperform rating from Wedbush on July 26, 2018.