Gladstone Commercial (NASDAQ:GOOD) Issues Earnings Results

Gladstone Commercial (NASDAQ:GOOD) announced its earnings results on Tuesday. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15), FiscalAI reports. Gladstone Commercial had a return on equity of 11.30% and a net margin of 10.81%. The business had revenue of $42.42 million for the quarter, compared to analyst estimates of $42.56 million.

Gladstone Commercial Price Performance

Gladstone Commercial stock opened at $10.89 on Thursday. Gladstone Commercial has a 1 year low of $10.33 and a 1 year high of $13.28. The company has a debt-to-equity ratio of 5.43, a quick ratio of 3.72 and a current ratio of 3.72. The firm has a 50 day moving average price of $12.48 and a 200 day moving average price of $12.37. The company has a market cap of $527.18 million, a price-to-earnings ratio of 83.78 and a beta of 1.09.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Monday, December 21st. Gladstone Commercial’s payout ratio is presently 461.54%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GOOD shares. B. Riley Financial reissued a “neutral” rating and set a $11.50 price objective (down from $12.50) on shares of Gladstone Commercial in a research note on Wednesday. Huntington began coverage on Gladstone Commercial in a research note on Tuesday. They issued a “hold” rating on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Commercial in a report on Monday, August 24th. Four investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.25.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation (NASDAQ: GOOD) is a real estate investment trust (REIT) that owns, acquires, and manages income-producing commercial properties in the United States. The company primarily focuses on office and industrial real estate, including business parks, office buildings, manufacturing facilities, distribution properties, and other commercial assets.

Gladstone Commercial generally leases its properties to businesses under long-term agreements, with the goal of generating recurring rental income.