Gladstone Commercial (NASDAQ:GOOD) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Gladstone Commercial (NASDAQ:GOOD) released its earnings results on Wednesday. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07, FiscalAI reports. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%.The company had revenue of $43.99 million during the quarter, compared to the consensus estimate of $42.18 million.

Gladstone Commercial Trading Up 5.5%

NASDAQ GOOD traded up $0.67 on Thursday, reaching $12.91. The company had a trading volume of 745,383 shares, compared to its average volume of 482,000. The stock’s 50 day moving average is $12.56 and its 200-day moving average is $12.26. The stock has a market cap of $624.93 million, a price-to-earnings ratio of 71.73 and a beta of 1.07. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 5.13. Gladstone Commercial has a 52 week low of $10.33 and a 52 week high of $13.47.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. Gladstone Commercial’s payout ratio is 461.54%.

Analyst Upgrades and Downgrades

GOOD has been the subject of a number of research reports. Weiss Ratings upgraded Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Huntington started coverage on shares of Gladstone Commercial in a research report on Wednesday, July 15th. They set a “market perform” rating and a $13.00 target price on the stock. Four research 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 a consensus price target of $12.83.

Hedge Funds Weigh In On Gladstone Commercial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in shares of Gladstone Commercial by 1.6% in the 1st quarter. AQR Capital Management LLC now owns 121,125 shares of the real estate investment trust’s stock valued at $1,814,000 after acquiring an additional 1,907 shares during the last quarter. Millennium Management LLC boosted its stake in Gladstone Commercial by 525.8% during the 1st quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust’s stock worth $3,838,000 after acquiring an additional 215,245 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Gladstone Commercial during the 1st quarter worth approximately $205,000. Jane Street Group LLC acquired a new position in Gladstone Commercial during the first quarter valued at approximately $1,805,000. Finally, Strs Ohio acquired a new position in Gladstone Commercial during the first quarter valued at approximately $120,000. Institutional investors own 45.51% of the company’s stock.

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.