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

Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Tuesday, January 13th. Shareholders of record on Monday, March 23rd will be paid a dividend of 0.10 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date is Monday, March 23rd.

Gladstone Commercial has decreased its dividend payment by an average of 0.0%per year 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 Stock Performance

Shares of NASDAQ:GOOD traded up $0.08 on Wednesday, reaching $11.34. 38,731 shares of the company’s stock were exchanged, compared to its average volume of 381,981. Gladstone Commercial has a twelve month low of $10.33 and a twelve month high of $16.63. The company has a fifty day moving average of $10.88 and a 200-day moving average of $12.16. The company has a market capitalization of $548.63 million, a price-to-earnings ratio of 63.14 and a beta of 1.11. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 4.58.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The business had revenue of $40.84 million during the quarter, compared to analyst estimates of $40.10 million. Gladstone Commercial had a net margin of 13.59% and a return on equity of 11.77%. On average, research analysts predict that Gladstone Commercial will post 1.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GOOD. B. Riley reiterated a “neutral” rating and set a $11.00 target price (down from $12.00) on shares of Gladstone Commercial in a research report on Monday, November 24th. Loop Capital set a $13.00 price objective on shares of Gladstone Commercial in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Gladstone Commercial in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus 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.