Gladstone Commercial (NASDAQ:GOOD) Posts Earnings Results, Misses Estimates By $0.30 EPS

Gladstone Commercial (NASDAQ:GOOD) posted its earnings results on Wednesday. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.30), FiscalAI reports. The company had revenue of ($117.71) million during the quarter, compared to analyst estimates of $41.23 million. Gladstone Commercial had a net margin of 13.59% and a return on equity of 11.77%.

Gladstone Commercial Stock Down 2.2%

GOOD stock traded down $0.26 during mid-day trading on Wednesday, reaching $11.47. The company had a trading volume of 352,621 shares, compared to its average volume of 458,335. The firm has a fifty day simple moving average of $11.20 and a 200 day simple moving average of $11.75. 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 company has a market capitalization of $554.91 million, a price-to-earnings ratio of 63.69 and a beta of 1.11. Gladstone Commercial has a fifty-two week low of $10.33 and a fifty-two week high of $16.40.

Gladstone Commercial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, March 23rd. This represents a c) annualized dividend and a yield of 10.5%. Gladstone Commercial’s dividend payout ratio is 666.67%.

Institutional Trading of Gladstone Commercial

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Gladstone Commercial by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 121,125 shares of the real estate investment trust’s stock worth $1,814,000 after acquiring an additional 1,907 shares in the last quarter. Millennium Management LLC lifted its position in shares of Gladstone Commercial by 525.8% during the 1st quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust’s stock worth $3,838,000 after purchasing an additional 215,245 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Gladstone Commercial during the first quarter worth $205,000. Jane Street Group LLC purchased a new position in Gladstone Commercial in the first quarter valued at $1,805,000. Finally, Strs Ohio purchased a new position in Gladstone Commercial in the first quarter valued at $120,000. Institutional investors and hedge funds own 45.51% of the company’s stock.

Wall Street Analyst Weigh In

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

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.