Gladstone Commercial (NASDAQ:GOOD) Announces Earnings Results, Beats Expectations By $0.07 EPS

Gladstone Commercial (NASDAQ:GOOD) posted its earnings results on Wednesday. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07, FiscalAI reports. The business had revenue of $43.99 million for the quarter, compared to analysts’ expectations of $42.18 million. Gladstone Commercial had a net margin of 14.55% and a return on equity of 14.27%.

Gladstone Commercial Stock Up 0.3%

GOOD stock traded up $0.04 during midday trading on Friday, hitting $12.95. The stock had a trading volume of 456,691 shares, compared to its average volume of 481,106. The business has a 50-day moving average of $12.57 and a two-hundred day moving average of $12.27. The company has a debt-to-equity ratio of 5.13, a current ratio of 4.03 and a quick ratio of 4.03. The firm has a market cap of $626.91 million, a price-to-earnings ratio of 49.81 and a beta of 1.07. Gladstone Commercial has a 52-week low of $10.33 and a 52-week high of $13.47.

Gladstone Commercial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.10 per share. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 9.3%. Gladstone Commercial’s payout ratio is currently 461.54%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC lifted its holdings in shares of Gladstone Commercial by 24.5% during the fourth quarter. Kestra Advisory Services LLC now owns 13,697 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 2,694 shares during the last quarter. DRW Securities LLC purchased a new position in Gladstone Commercial during the fourth quarter valued at $125,000. Metis Global Partners LLC bought a new stake in Gladstone Commercial in the fourth quarter worth $122,000. PNC Financial Services Group Inc. grew its stake in shares of Gladstone Commercial by 236.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,428 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 5,921 shares during the last quarter. Finally, Man Group plc bought a new position in shares of Gladstone Commercial during the third quarter valued at $137,000. 45.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on GOOD. Huntington assumed coverage on shares of Gladstone Commercial in a report on Wednesday, July 15th. They issued a “market perform” rating and a $13.00 price target on the stock. Weiss Ratings upgraded shares of Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.83.

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.