Gladstone Commercial Corporation Declares Monthly Dividend of $0.10 (NASDAQ:GOOD)

Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Tuesday, January 13th. Investors of record on Monday, March 23rd will be paid a dividend of 0.10 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Monday, March 23rd.

Gladstone Commercial has decreased its dividend payment by an average of 0.0%per year over the last three years. Gladstone Commercial has a dividend payout ratio of 413.8% indicating that 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 $1.50 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 80.0%.

Gladstone Commercial Stock Performance

NASDAQ:GOOD traded up $0.15 on Wednesday, hitting $11.41. The stock had a trading volume of 100,309 shares, compared to its average volume of 388,922. The business’s 50-day simple moving average is $10.88 and its two-hundred day simple moving average is $12.16. The stock has a market cap of $552.26 million, a price-to-earnings ratio of 63.39 and a beta of 1.11. Gladstone Commercial has a 52-week low of $10.33 and a 52-week high of $16.63. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 4.58.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). Gladstone Commercial had a return on equity of 11.77% and a net margin of 13.59%.The business had revenue of $40.84 million during the quarter, compared to analysts’ expectations of $40.10 million. As a group, research analysts predict that Gladstone Commercial will post 1.45 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on GOOD. Zacks Research raised Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. B. Riley reissued a “neutral” rating and issued a $11.00 price objective (down from $12.00) on shares of Gladstone Commercial in a research note on Monday, November 24th. Loop Capital set a $13.00 target price on shares of Gladstone Commercial in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Gladstone Commercial in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Gladstone Commercial Company Profile

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.