Gladstone Commercial Co. Announces Monthly Dividend of $0.13 (GOOD)

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Gladstone Commercial Co. (NASDAQ:GOOD) announced a monthly dividend on Wednesday, January 9th, Wall Street Journal reports. Shareholders of record on Friday, January 18th will be given a dividend of 0.125 per share by the real estate investment trust on Thursday, January 31st. This represents a $1.50 annualized dividend and a yield of 7.70%. The ex-dividend date is Thursday, January 17th.

Gladstone Commercial has a dividend payout ratio of 94.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Gladstone Commercial to earn $1.65 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 90.9%.

Shares of NASDAQ GOOD opened at $19.48 on Thursday. Gladstone Commercial has a 52-week low of $16.78 and a 52-week high of $20.47. The firm has a market cap of $533.95 million, a PE ratio of 12.82, a P/E/G ratio of 1.87 and a beta of 0.73. The company has a debt-to-equity ratio of 2.19, a current ratio of 13.78 and a quick ratio of 13.78.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Gladstone Commercial had a net margin of 7.96% and a return on equity of 3.26%. The company had revenue of $26.59 million during the quarter, compared to analysts’ expectations of $26.86 million. As a group, sell-side analysts expect that Gladstone Commercial will post 1.6 EPS for the current fiscal year.

GOOD has been the topic of several recent research reports. Boenning Scattergood set a $21.00 target price on shares of Gladstone Commercial and gave the company a “buy” rating in a report on Wednesday, October 31st. ValuEngine upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Zacks Investment Research lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. BidaskClub upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Wedbush upgraded shares of Gladstone Commercial from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $21.13.

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Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through October 2018, Gladstone Commercial has paid 165 consecutive monthly cash distributions on its common stock.

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Dividend History for Gladstone Commercial (NASDAQ:GOOD)

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