Gladstone Commercial Corporation (GOOD) To Go Ex-Dividend on March 23rd

Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Tuesday, January 13th. Investors of record on Monday, March 23rd will be paid a dividend of 0.10 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Monday, March 23rd.

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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Gladstone Commercial to earn $1.50 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 80.0%.

Gladstone Commercial Trading Down 2.7%

NASDAQ GOOD opened at $11.70 on Friday. Gladstone Commercial has a 12 month low of $10.33 and a 12 month high of $15.12. The stock has a 50-day simple moving average of $11.88 and a 200 day simple moving average of $11.62. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 4.92. The company has a market capitalization of $566.40 million, a PE ratio of 83.57 and a beta of 1.09.

Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.31). The company had revenue of $43.46 million for the quarter, compared to the consensus estimate of $41.23 million. Gladstone Commercial had a return on equity of 10.75% and a net margin of 11.95%. Research analysts forecast that Gladstone Commercial will post 1.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GOOD shares. B. Riley Financial reissued a “neutral” rating and set a $12.50 price objective (up from $11.00) on shares of Gladstone Commercial in a research note on Tuesday, February 24th. Zacks Research raised shares of Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Gladstone Commercial in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.75.

Gladstone Commercial Company Profile

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.