Gladstone Commercial Corporation (NASDAQ:GOOD – Get Free Report) announced a monthly dividend on Tuesday, July 14th. Stockholders of record on Tuesday, August 18th will be given a dividend of 0.10 per share by the real estate investment trust on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Tuesday, August 18th.
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. Equities analysts expect Gladstone Commercial to earn $1.42 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 84.5%.
Gladstone Commercial Trading Up 1.1%
Shares of Gladstone Commercial stock opened at $12.71 on Thursday. The company’s fifty day simple moving average is $12.51 and its 200-day simple moving average is $12.07. The company has a market cap of $615.25 million, a price-to-earnings ratio of 70.62 and a beta of 1.07. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 5.13. Gladstone Commercial has a 1 year low of $10.33 and a 1 year high of $13.91.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on GOOD shares. Weiss Ratings upgraded shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Huntington initiated coverage on Gladstone Commercial in a research report on Wednesday. They set a “market perform” rating and a $13.00 target price on the stock. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.83.
Read Our Latest Stock Report on GOOD
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.
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