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

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Friday, July 24th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Friday, July 24th.

Gladstone Commercial has decreased its dividend payment by an average of 0.0%per year 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. Research 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 NASDAQ GOOD opened at $12.57 on Wednesday. Gladstone Commercial has a twelve month low of $10.33 and a twelve month high of $14.17. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 5.13. The company has a market capitalization of $608.51 million, a price-to-earnings ratio of 69.84 and a beta of 1.07. The business has a 50 day simple moving average of $12.50 and a 200-day simple moving average of $12.05.

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

Analyst Ratings Changes

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

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.