Gladstone Commercial (GOOD) Posts Quarterly Earnings Results, Beats Estimates By $0.40 EPS

Gladstone Commercial (NASDAQ:GOOD) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.40, Bloomberg Earnings reports. Gladstone Commercial had a return on equity of 3.96% and a net margin of 10.59%.

Shares of Gladstone Commercial (NASDAQ GOOD) traded down $0.37 during trading hours on Wednesday, reaching $17.28. The company had a trading volume of 199,199 shares, compared to its average volume of 188,932. Gladstone Commercial has a 12 month low of $17.09 and a 12 month high of $23.35. The firm has a market cap of $478.75, a price-to-earnings ratio of -432.00, a P/E/G ratio of 1.86 and a beta of 0.75. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.78.

The firm also recently announced a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 22nd were given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 8.68%. The ex-dividend date was Friday, January 19th. Gladstone Commercial’s dividend payout ratio is currently -3,750.00%.

GOOD has been the topic of several recent analyst reports. BidaskClub lowered Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Zacks Investment Research raised Gladstone Commercial from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Friday, January 12th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial in a research report on Friday, December 1st. B. Riley initiated coverage on Gladstone Commercial in a research report on Thursday, February 8th. They set a “neutral” rating and a $19.00 target price on the stock. Finally, ValuEngine lowered Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.50.

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About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.

Earnings History for Gladstone Commercial (NASDAQ:GOOD)

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