Gladstone Commercial Corporation (GOOD) to Issue Monthly Dividend of $0.10 on August 31st

Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Tuesday, July 14th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.10 per share by the real estate investment trust on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend is Tuesday, August 18th.

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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Gladstone Commercial to earn $1.41 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 85.1%.

Gladstone Commercial Stock Performance

Shares of Gladstone Commercial stock opened at $12.93 on Friday. Gladstone Commercial has a 12 month low of $10.33 and a 12 month high of $13.47. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 5.43. The stock has a market cap of $625.94 million, a PE ratio of 49.73 and a beta of 1.07. The business has a fifty day simple moving average of $12.61 and a 200-day simple moving average of $12.32.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $43.99 million for the quarter, compared to analyst estimates of $42.18 million. Gladstone Commercial had a return on equity of 14.61% and a net margin of 14.55%. On average, sell-side analysts anticipate that Gladstone Commercial will post 1.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Gladstone Commercial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in Gladstone Commercial by 751.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,578 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Gladstone Commercial during the 4th quarter valued at $25,000. Advisory Services Network LLC bought a new position in shares of Gladstone Commercial during the 3rd quarter valued at $34,000. Danske Bank A S acquired a new stake in shares of Gladstone Commercial in the 4th quarter valued at $30,000. Finally, Parallel Advisors LLC boosted its holdings 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 worth $35,000 after purchasing an additional 1,168 shares in the last quarter. Institutional investors own 45.51% of the company’s stock.

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.