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

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, July 14th. Investors of record on Monday, September 21st will be paid a dividend of 0.10 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Monday, September 21st.

Gladstone Commercial has decreased its dividend by an average of 0.0%per year over the last three years. Gladstone Commercial has a dividend payout ratio of 413.8% meaning 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

GOOD stock opened at $12.57 on Wednesday. The stock’s 50 day moving average price is $12.50 and its 200 day moving average price is $12.05. The firm has a market cap of $608.51 million, a P/E ratio of 69.84 and a beta of 1.07. The company has a debt-to-equity ratio of 5.13, a quick ratio of 4.03 and a current ratio of 4.03. Gladstone Commercial has a 1 year low of $10.33 and a 1 year high of $14.17.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $42.94 million. On average, sell-side analysts expect that Gladstone Commercial will post 1.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Inspire Investing LLC boosted its holdings in Gladstone Commercial by 2.4% in the first quarter. Inspire Investing LLC now owns 44,891 shares of the real estate investment trust’s stock valued at $513,000 after acquiring an additional 1,043 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Gladstone Commercial by 2.3% during the second quarter. Russell Investments Group Ltd. now owns 46,681 shares of the real estate investment trust’s stock worth $669,000 after acquiring an additional 1,055 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Gladstone Commercial by 7.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 14,975 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 1,062 shares during the period. Evergreen Capital Management LLC lifted its stake in shares of Gladstone Commercial by 6.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 16,942 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Beacon Investment Advisors LLC grew its holdings in shares of Gladstone Commercial by 2.6% during the 4th quarter. Beacon Investment Advisors LLC now owns 44,397 shares of the real estate investment trust’s stock worth $474,000 after purchasing an additional 1,129 shares during the period. Hedge funds and other institutional investors own 45.51% of the company’s stock.

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.