Gladstone Commercial Corporation (GOOD) To Go Ex-Dividend on May 20th

Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Tuesday, April 14th. Shareholders of record on Wednesday, May 20th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date is Wednesday, May 20th.

Gladstone Commercial has decreased its dividend payment by an average of 0.0%annually 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 $1.42 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 84.5%.

Gladstone Commercial Price Performance

Gladstone Commercial stock opened at $12.31 on Monday. Gladstone Commercial has a fifty-two week low of $10.33 and a fifty-two week high of $15.03. The firm has a market capitalization of $595.93 million, a price-to-earnings ratio of 68.39 and a beta of 1.09. The stock’s fifty day moving average is $12.18 and its two-hundred day moving average is $11.59. The company has a debt-to-equity ratio of 5.13, a quick ratio of 4.03 and a current ratio of 4.03.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.05 by $0.30. Gladstone Commercial had a net margin of 12.74% and a return on equity of 12.11%. The business had revenue of $41.91 million for the quarter, compared to analyst estimates of $42.94 million. Analysts predict that Gladstone Commercial will post 1.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Gladstone Commercial by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 4,823,236 shares of the real estate investment trust’s stock worth $51,464,000 after acquiring an additional 20,634 shares in the last quarter. Geode Capital Management LLC raised its stake in Gladstone Commercial by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 1,327,193 shares of the real estate investment trust’s stock valued at $14,164,000 after buying an additional 74,557 shares in the last quarter. Invesco Ltd. lifted its stake in Gladstone Commercial by 17.1% during the fourth quarter. Invesco Ltd. now owns 1,086,952 shares of the real estate investment trust’s stock worth $11,598,000 after purchasing an additional 158,711 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Gladstone Commercial by 56.7% during the third quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock worth $10,150,000 after purchasing an additional 298,114 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Gladstone Commercial by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 730,497 shares of the real estate investment trust’s stock worth $7,794,000 after acquiring an additional 50,238 shares during the last quarter. 45.51% of the stock is 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.