Gladstone Commercial (NASDAQ:GOOD) Posts Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Gladstone Commercial (NASDAQ:GOOD) announced its earnings results on Tuesday. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.24, Zacks reports. Gladstone Commercial had a return on equity of 13.86% and a net margin of 14.47%.

Gladstone Commercial Stock Performance

GOOD traded down $0.17 on Tuesday, hitting $16.04. 453,975 shares of the company traded hands, compared to its average volume of 202,356. The company has a 50 day moving average of $16.22 and a 200-day moving average of $16.07. Gladstone Commercial has a 12-month low of $11.89 and a 12-month high of $17.88. The stock has a market capitalization of $704.48 million, a PE ratio of 80.20, a PEG ratio of 1.88 and a beta of 1.25. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10.

Gladstone Commercial Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a $0.10 dividend. This represents a yield of 7.48%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Commercial’s dividend payout ratio (DPR) is presently 600.00%.

Analyst Ratings Changes

Separately, StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.