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

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) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend is Friday, January 23rd.

Gladstone Commercial has decreased its dividend by an average of 0.0%per year over the last three years. Gladstone Commercial has a dividend 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. Equities 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 Trading Down 0.4%

Shares of NASDAQ:GOOD opened at $11.26 on Wednesday. The business’s 50-day moving average is $10.88 and its 200 day moving average is $12.16. The company has a debt-to-equity ratio of 4.58, a current ratio of 4.31 and a quick ratio of 4.31. Gladstone Commercial has a 1 year low of $10.33 and a 1 year high of $16.63. The firm has a market capitalization of $545.00 million, a P/E ratio of 62.56 and a beta of 1.11.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $40.10 million. On average, research analysts predict that Gladstone Commercial will post 1.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GOOD shares. B. Riley reiterated a “neutral” rating and set a $11.00 price objective (down from $12.00) on shares of Gladstone Commercial in a research note on Monday, November 24th. Zacks Research upgraded 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 objective on Gladstone Commercial in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed 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, According to data from MarketBeat, Gladstone Commercial currently has an average rating of “Hold” and an average 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.