Gladstone Commercial Corporation (GOOD) to Distribute Monthly Dividend of $0.10 on June 30th

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, April 14th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.10 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Gladstone Commercial has decreased its dividend by an average of 0.0%per year over the last three years. Gladstone Commercial has a dividend payout ratio of 413.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Gladstone Commercial to earn $1.42 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 84.5%.

Gladstone Commercial Stock Performance

Shares of Gladstone Commercial stock opened at $12.07 on Friday. Gladstone Commercial has a fifty-two week low of $10.33 and a fifty-two week high of $14.65. The firm has a market cap of $584.27 million, a PE ratio of 67.06 and a beta of 1.08. The business’s fifty day moving average is $12.55 and its two-hundred day moving average is $11.85. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 5.13.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.30. The company had revenue of $41.91 million during the quarter, compared to analysts’ expectations of $42.94 million. Gladstone Commercial had a net margin of 12.74% and a return on equity of 12.11%. Analysts anticipate that Gladstone Commercial will post 1.41 earnings per share for the current year.

Institutional Investors Weigh In On Gladstone Commercial

Several institutional investors and hedge funds have recently modified their holdings of GOOD. Vanguard Group Inc. raised its holdings in shares of Gladstone Commercial by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 4,823,236 shares of the real estate investment trust’s stock valued at $51,464,000 after buying an additional 20,634 shares during the period. Geode Capital Management LLC grew its position in Gladstone Commercial by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 1,327,193 shares of the real estate investment trust’s stock valued at $14,164,000 after acquiring an additional 74,557 shares in the last quarter. Invesco Ltd. grew its position in Gladstone Commercial by 17.1% in the fourth quarter. Invesco Ltd. now owns 1,086,952 shares of the real estate investment trust’s stock valued at $11,598,000 after acquiring an additional 158,711 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Gladstone Commercial by 56.7% during the third quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock valued at $10,150,000 after purchasing an additional 298,114 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Gladstone Commercial by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 730,497 shares of the real estate investment trust’s stock worth $7,794,000 after purchasing an additional 50,238 shares in the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.