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

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, July 14th. Investors 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) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Tuesday, August 18th.

Gladstone Commercial has decreased its dividend payment 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 Price Performance

Shares of GOOD opened at $12.57 on Wednesday. Gladstone Commercial has a 12 month low of $10.33 and a 12 month high of $14.17. The company has a debt-to-equity ratio of 5.13, a current ratio of 4.03 and a quick ratio of 4.03. The stock has a fifty day moving average price of $12.50 and a 200 day moving average price of $12.05. The company has a market cap of $608.51 million, a P/E ratio of 69.84 and a beta of 1.07.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.30. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%.The company had revenue of $41.91 million for the quarter, compared to analysts’ expectations of $42.94 million. On average, research analysts forecast that Gladstone Commercial will post 1.41 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings raised Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.75.

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.