Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Tuesday, July 9th, Zacks reports. Shareholders of record on Monday, July 22nd will be given a dividend of 0.125 per share by the real estate investment trust on Wednesday, July 31st. This represents a $1.50 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend is Friday, July 19th.

Gladstone Commercial has a payout ratio of 94.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gladstone Commercial to earn $1.66 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 90.4%.

NASDAQ:GOOD opened at $21.33 on Thursday. Gladstone Commercial has a 1-year low of $16.89 and a 1-year high of $22.83. The firm has a 50-day moving average of $21.30. The company has a quick ratio of 14.94, a current ratio of 14.94 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $647.62 million, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 2.68 and a beta of 0.84.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.34). Gladstone Commercial had a return on equity of 4.90% and a net margin of 11.41%. The company had revenue of $28.14 million for the quarter, compared to the consensus estimate of $27.69 million. As a group, sell-side analysts expect that Gladstone Commercial will post 1.6 EPS for the current year.

GOOD has been the topic of several recent analyst reports. Zacks Investment Research lowered Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 13th. Finally, ValuEngine upgraded Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.63.

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 April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

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Dividend History for Gladstone Commercial (NASDAQ:GOOD)

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