Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, April 11th, Wall Street Journal reports. Investors of record on Wednesday, June 20th will be paid a dividend of 0.125 per share by the real estate investment trust on Friday, June 29th. This represents a $1.50 annualized dividend and a dividend yield of 8.13%. The ex-dividend date of this dividend is Tuesday, June 19th.
Shares of Gladstone Commercial opened at $18.45 on Thursday, Marketbeat Ratings reports. The company has a market cap of $528.41 million, a P/E ratio of 12.14, a P/E/G ratio of 1.95 and a beta of 0.80. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.99 and a current ratio of 0.99. Gladstone Commercial has a 12-month low of $16.78 and a 12-month high of $23.29.
Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.34). Gladstone Commercial had a net margin of 6.26% and a return on equity of 2.40%. The company had revenue of $26.35 million for the quarter, compared to analysts’ expectations of $25.57 million. research analysts predict that Gladstone Commercial will post 1.59 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. ValuEngine cut Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 5th. BidaskClub raised Gladstone Commercial from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Zacks Investment Research raised Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. B. Riley reissued a “neutral” rating and issued a $19.00 price objective on shares of Gladstone Commercial in a research report on Monday, March 12th. Finally, Hilliard Lyons raised Gladstone Commercial from a “neutral” rating to a “long” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.50.
In other Gladstone Commercial news, CFO Michael Sodo acquired 2,000 shares of the business’s stock in a transaction on Friday, May 4th. The shares were acquired at an average price of $18.00 per share, with a total value of $36,000.00. Following the completion of the transaction, the chief financial officer now owns 5,000 shares in the company, valued at $90,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders acquired 4,571 shares of company stock worth $82,732. Insiders own 1.98% of the company’s stock.
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 January 2018, Gladstone Commercial has paid 156 consecutive monthly cash distributions on its common stock.
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