Gladstone Commercial Co. (GOOD) To Go Ex-Dividend on December 22nd

Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Friday, October 16th, Wall Street Journal reports. Shareholders of record on Wednesday, December 23rd will be given a dividend of 0.1252 per share by the real estate investment trust on Thursday, December 31st. This represents a $1.50 annualized dividend and a yield of 8.74%. The ex-dividend date of this dividend is Tuesday, December 22nd.

Gladstone Commercial has a payout ratio of -1,363.6% 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 $1.60 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 93.8%.

Shares of NASDAQ:GOOD opened at $17.19 on Friday. The firm has a fifty day moving average of $17.87 and a two-hundred day moving average of $17.29. The company has a quick ratio of 7.34, a current ratio of 7.34 and a debt-to-equity ratio of 3.20. Gladstone Commercial has a 12-month low of $7.59 and a 12-month high of $23.98. The firm has a market capitalization of $585.32 million, a P/E ratio of -61.39 and a beta of 1.03.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Monday, July 27th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.46). Gladstone Commercial had a return on equity of 2.62% and a net margin of 4.71%. The firm had revenue of $33.53 million for the quarter, compared to analysts’ expectations of $31.58 million. Equities research analysts expect that Gladstone Commercial will post 1.58 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on GOOD shares. Janney Montgomery Scott reiterated a “buy” rating and set a $20.00 price target on shares of Gladstone Commercial in a report on Thursday, August 13th. National Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Gladstone Commercial in a research report on Thursday, August 13th. BidaskClub downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Wednesday, September 30th. Finally, TheStreet upgraded shares of Gladstone Commercial from a “d+” rating to a “c-” rating in a report on Monday, June 22nd. Three investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.80.

About Gladstone Commercial

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 June 2020, Gladstone Commercial has paid 186 consecutive monthly cash distributions on its common stock.

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Dividend History for Gladstone Commercial (NASDAQ:GOOD)

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