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

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

Gladstone Commercial Stock Down 2.5%

Gladstone Commercial stock traded down $0.32 during trading on Wednesday, reaching $12.24. 620,869 shares of the company’s stock were exchanged, compared to its average volume of 412,930. Gladstone Commercial has a 52-week low of $10.33 and a 52-week high of $13.47. The firm has a market cap of $592.54 million, a price-to-earnings ratio of 68.00 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. The company’s 50-day moving average is $12.56 and its two-hundred day moving average is $12.26.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Commercial’s dividend payout ratio is 666.67%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GOOD shares. Huntington initiated coverage on shares of Gladstone Commercial in a research note on Wednesday, July 15th. They set a “market perform” rating and a $13.00 price objective for the company. Weiss Ratings upgraded Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.83.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Gladstone Commercial in the first quarter valued at about $205,000. Guggenheim Capital LLC lifted its position in Gladstone Commercial by 19.3% during the 4th quarter. Guggenheim Capital LLC now owns 18,732 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 3,033 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Gladstone Commercial during the 3rd quarter worth approximately $189,000. Osaic Holdings Inc. boosted its holdings in Gladstone Commercial by 68.9% in the 4th quarter. Osaic Holdings Inc. now owns 17,550 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 7,162 shares during the period. Finally, Caxton Associates LLP purchased a new position in Gladstone Commercial in the 3rd quarter worth approximately $162,000. 45.51% of the stock is owned by hedge funds and other institutional investors.

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.