Gladstone Commercial Co. (GOOD) Announces $0.13 Monthly Dividend

Gladstone Commercial Co. (NASDAQ:GOOD) announced a monthly dividend on Wednesday, January 9th, Wall Street Journal reports. Stockholders of record on Wednesday, February 20th will be given a dividend of 0.125 per share by the real estate investment trust on Thursday, February 28th. This represents a $1.50 annualized dividend and a dividend yield of 7.70%. The ex-dividend date is Tuesday, February 19th.

Gladstone Commercial has a payout ratio of 94.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Gladstone Commercial to earn $1.65 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 90.9%.

Shares of GOOD stock traded down $0.08 during trading hours on Wednesday, hitting $19.48. The company’s stock had a trading volume of 83,027 shares, compared to its average volume of 125,971. The company has a market capitalization of $533.95 million, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 1.87 and a beta of 0.73. The company has a debt-to-equity ratio of 2.19, a current ratio of 13.78 and a quick ratio of 13.78. Gladstone Commercial has a 12-month low of $16.78 and a 12-month high of $20.47.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. The business had revenue of $26.59 million for the quarter, compared to the consensus estimate of $26.86 million. Gladstone Commercial had a net margin of 7.96% and a return on equity of 3.26%. As a group, sell-side analysts forecast that Gladstone Commercial will post 1.6 earnings per share for the current year.

A number of brokerages recently issued reports on GOOD. Boenning Scattergood set a $21.00 price target on shares of Gladstone Commercial and gave the stock a “buy” rating in a report on Wednesday, October 31st. BidaskClub downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. ValuEngine raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Wedbush raised shares of Gladstone Commercial from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 7th. Finally, Zacks Investment Research downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Gladstone Commercial presently has an average rating of “Hold” and an average target price of $21.13.

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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 October 2018, Gladstone Commercial has paid 165 consecutive monthly cash distributions on its common stock.

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Dividend History for Gladstone Commercial (NASDAQ:GOOD)

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