Gladstone Commercial (NASDAQ:GOOD) Issues Quarterly Earnings Results

Gladstone Commercial (NASDAQ:GOOD) released its earnings results on Tuesday. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.24, Zacks reports. Gladstone Commercial had a net margin of 14.47% and a return on equity of 13.86%.

Gladstone Commercial Stock Performance

Shares of Gladstone Commercial stock traded down $0.17 during trading on Tuesday, hitting $16.04. 453,975 shares of the stock were exchanged, compared to its average volume of 202,356. The stock’s fifty day moving average is $16.22 and its 200 day moving average is $16.07. The stock has a market cap of $704.48 million, a PE ratio of 80.20, a P/E/G ratio of 1.88 and a beta of 1.25. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. Gladstone Commercial has a 12 month low of $11.89 and a 12 month high of $17.88.

Gladstone Commercial Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a dividend of $0.10 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 7.48%. Gladstone Commercial’s dividend payout ratio is currently 600.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.