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

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, January 13th. Shareholders of record on Wednesday, February 18th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Wednesday, February 18th.

Gladstone Commercial has decreased its dividend by an average of 0.0%annually over the last three years. Gladstone Commercial has a 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 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

NASDAQ:GOOD opened at $11.26 on Wednesday. Gladstone Commercial has a fifty-two week low of $10.33 and a fifty-two week high of $16.63. 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 50 day moving average price of $10.88 and a 200 day moving average price of $12.16. The stock 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 (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $40.10 million. Equities research analysts forecast that Gladstone Commercial will post 1.45 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GOOD. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gladstone Commercial in a research report on Monday, December 29th. Zacks Research upgraded shares of Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. B. Riley restated a “neutral” rating and set a $11.00 price objective (down previously from $12.00) on shares of Gladstone Commercial in a research report on Monday, November 24th. Finally, Loop Capital set a $13.00 target price on shares of Gladstone Commercial in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Gladstone Commercial currently has an average rating of “Hold” and an average price target 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.