Gladstone Commercial Corporation (GOOD) To Go Ex-Dividend on February 18th

Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Tuesday, January 13th. Shareholders of record on Wednesday, February 18th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Wednesday, February 18th.

Gladstone Commercial has decreased its dividend payment by an average of 0.0%annually over the last three years. Gladstone Commercial has a 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 $1.50 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 Up 2.0%

Gladstone Commercial stock opened at $11.48 on Thursday. Gladstone Commercial has a fifty-two week low of $10.33 and a fifty-two week high of $16.63. The company has a market cap of $555.63 million, a PE ratio of 63.78 and a beta of 1.11. The company has a debt-to-equity ratio of 4.58, a quick ratio of 4.31 and a current ratio of 4.31. The business’s 50-day simple moving average is $10.89 and its two-hundred day simple moving average is $12.16.

Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The firm had revenue of $40.84 million for the quarter, compared to analyst estimates of $40.10 million. Gladstone Commercial had a return on equity of 11.77% and a net margin of 13.59%. Equities analysts anticipate that Gladstone Commercial will post 1.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Loop Capital set a $13.00 price target on shares of Gladstone Commercial in a report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Gladstone Commercial in a research note on Monday, December 29th. Finally, B. Riley restated a “neutral” rating and issued a $11.00 target price (down previously from $12.00) on shares of Gladstone Commercial in a research note on Monday, November 24th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.