Gladstone Commercial (NASDAQ:GOOD) Posts Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Gladstone Commercial (NASDAQ:GOOD) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.30, Zacks reports. Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%.

Gladstone Commercial Stock Performance

GOOD traded up $0.09 on Tuesday, hitting $12.87. 320,152 shares of the company’s stock were exchanged, compared to its average volume of 337,688. 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 stock has a fifty day moving average of $12.18 and a two-hundred day moving average of $11.53. Gladstone Commercial has a twelve month low of $10.33 and a twelve month high of $15.03. The firm has a market cap of $623.04 million, a PE ratio of 91.93 and a beta of 1.09.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 9.3%. Gladstone Commercial’s dividend payout ratio is 857.14%.

Institutional Trading of Gladstone Commercial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Gladstone Commercial by 751.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,578 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Gladstone Commercial in the third quarter worth $34,000. Parallel Advisors LLC lifted its stake in Gladstone Commercial by 71.1% in the third quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,168 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Gladstone Commercial by 67.2% in the second quarter. BNP Paribas Financial Markets now owns 4,189 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 1,684 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Gladstone Commercial by 199.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,354 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 2,899 shares during the period. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GOOD shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gladstone Commercial in a research report on Friday, March 27th. Wall Street Zen upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $12.50 target price (up from $11.00) on shares of Gladstone Commercial in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.75.

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.