Gladstone Commercial (NASDAQ:GOOD) Announces Quarterly Earnings Results

Gladstone Commercial (NASDAQ:GOOD) posted its earnings results on Wednesday. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.31), FiscalAI reports. The firm had revenue of $43.46 million during the quarter, compared to analyst estimates of $41.23 million. Gladstone Commercial had a return on equity of 10.60% and a net margin of 11.95%.

Gladstone Commercial Stock Up 5.0%

Shares of Gladstone Commercial stock opened at $12.01 on Friday. The firm has a market cap of $581.28 million, a PE ratio of 85.79 and a beta of 1.11. The business’s 50 day simple moving average is $11.24 and its 200 day simple moving average is $11.75. The company has a debt-to-equity ratio of 4.58, a quick ratio of 4.31 and a current ratio of 4.31. Gladstone Commercial has a 52-week low of $10.33 and a 52-week high of $16.40.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 666.67%.

Wall Street Analyst Weigh In

GOOD has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Gladstone Commercial in a research report on Monday, December 29th. Loop Capital set a $13.00 price target on Gladstone Commercial in a report on Wednesday, November 5th. Zacks Research raised Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $11.00 price objective (down from $12.00) on shares of Gladstone Commercial in a research report on Monday, November 24th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Gladstone Commercial presently has a consensus rating of “Hold” and an average price target of $12.00.

Institutional Trading of Gladstone Commercial

A number of hedge funds and other institutional investors have recently made changes to their positions in GOOD. Goldman Sachs Group Inc. boosted its holdings in Gladstone Commercial by 211.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 521,090 shares of the real estate investment trust’s stock worth $5,560,000 after purchasing an additional 353,525 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in Gladstone Commercial by 56.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock worth $10,150,000 after buying an additional 298,114 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Gladstone Commercial by 33.6% during the 3rd quarter. Invesco Ltd. now owns 928,241 shares of the real estate investment trust’s stock worth $11,436,000 after buying an additional 233,493 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Gladstone Commercial by 525.8% during the 1st quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust’s stock worth $3,838,000 after buying an additional 215,245 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Gladstone Commercial by 113.0% in the 2nd quarter. AQR Capital Management LLC now owns 257,948 shares of the real estate investment trust’s stock valued at $3,696,000 after acquiring an additional 136,823 shares in the last quarter. 45.51% of the stock is currently owned by institutional investors and hedge funds.

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.