Eye Catching Stock: Gladstone Commercial Corporation (NASDAQ:GOOD)

Gladstone Commercial Corporation (NASDAQ:GOOD) changed 0.06% to recent value of $23.28. The stock transacted 82745 shares during most recent day however it has an average volume of 122.88K shares. It spotted trading -1.54% off 52-week high price. On the other end, the stock has been noted 37.86% away from the low price over the last 52-weeks.

 On Sept. 27, 2019, Gladstone Commercial Corporation (NASDAQ:GOOD) reported that it completed the acquisition of a 211,000 square foot, two building industrial portfolio in Temple, Texas on September 26, 2019.

The portfolio, acquired in a sale/leaseback transaction, is 100% leased to Texas Hydraulics (Texas Hydraulics) with a twenty (20) year lease term. Texas Hydraulics currently uses the two properties for the manufacturing, warehousing, and distribution of hydraulic cylinders. Texas Hydraulics has invested more than $35 million in the facilities. The acquisition of the industrial properties is consistent with Gladstone Commercial’s growth strategy of acquiring high-quality assets in growth regions with credit-worthy tenants.

This portfolio consists of two buildings: one located at 3410 Range Road, a 126,000 square foot facility, and one located at 3120 Range Road, an 85,000 square foot facility. Texas Hydraulics plans to continue operating in these facilities for years to come.

The acquisition of the Texas Hydraulics facilities continues our strategic expansion into our target markets. The facilities serve as the core of the tenant’s manufacturing business and are well located near Austin, along I-35. The investment is a great addition to our portfolio, improving the weighted average lease term and increasing the allocation of high-quality industrial properties, said Buzz Cooper, Senior Managing Director for Gladstone Commercial.

Bob Cutlip, President of Gladstone Commercial, agreed, This transaction promotes our strategy of increasing our allocation to industrial buildings over the next few years and we are excited to add to the portfolio’s weighted average lease term with high quality real estate occupied by a credit-worthy tenant.

 GOOD has a gross margin of 85.20% and an operating margin of 32.40% while its profit margin remained 0.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 118.10% for this year while earning per share for the next 5-years is expected to reach at 6.00%.

 The company has 30.99M of outstanding shares and 29.53M shares were floated in the market.  The price moved ahead of 1.08% from the mean of 20 days, 4.65% from mean of 50 days SMA and performed 11.10% from mean of 200 days price. Company’s performance for the week was 1.24%, 3.53% for month and YTD performance remained 29.94%.

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