Gladstone Commercial Corporation (GOOD) To Go Ex-Dividend on January 23rd

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend is Friday, January 23rd.

Gladstone Commercial has decreased its dividend by an average of 0.0%annually 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 Price Performance

Shares of NASDAQ GOOD opened at $11.57 on Wednesday. The firm has a market cap of $559.99 million, a P/E ratio of 64.28 and a beta of 1.11. The company has a 50 day moving average of $10.95 and a 200 day moving average of $12.06. Gladstone Commercial has a twelve month low of $10.33 and a twelve month 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 announced its quarterly earnings results 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 net margin of 13.59% and a return on equity of 11.77%. The business had revenue of $40.84 million for the quarter, compared to the consensus estimate of $40.10 million. As a group, research analysts expect that Gladstone Commercial will post 1.45 EPS for the current fiscal year.

Insider Activity at Gladstone Commercial

In other news, CFO Gary Gerson acquired 7,600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average cost of $11.05 per share, for a total transaction of $83,980.00. Following the completion of the acquisition, the chief financial officer directly owned 23,200 shares of the company’s stock, valued at $256,360. The trade was a 48.72% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased 8,500 shares of company stock worth $93,751 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Gladstone Commercial

Several hedge funds have recently modified their holdings of GOOD. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Gladstone Commercial by 1.7% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 49,456 shares of the real estate investment trust’s stock valued at $709,000 after purchasing an additional 849 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Gladstone Commercial by 4.4% during the second quarter. State of Alaska Department of Revenue now owns 22,102 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 932 shares in the last quarter. Tritonpoint Wealth LLC increased its holdings in Gladstone Commercial by 7.4% during the 2nd quarter. Tritonpoint Wealth LLC now owns 14,535 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 1,000 shares in the last quarter. Russell Investments Group Ltd. raised its position in Gladstone Commercial by 2.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 46,681 shares of the real estate investment trust’s stock valued at $669,000 after buying an additional 1,055 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Gladstone Commercial by 6.9% during the second quarter. Evergreen Capital Management LLC now owns 16,942 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 1,096 shares during the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.

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.