Gladstone Commercial Co. (NASDAQ:GOOD) to Issue Monthly Dividend of $0.13

Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Tuesday, July 9th, Zacks reports. Shareholders of record on Monday, July 22nd will be paid a dividend of 0.125 per share by the real estate investment trust on Wednesday, July 31st. This represents a $1.50 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Friday, July 19th.

Gladstone Commercial has a 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 fall. Equities research analysts expect Gladstone Commercial to earn $1.66 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 90.4%.

Shares of Gladstone Commercial stock opened at $21.38 on Wednesday. The company has a current ratio of 14.94, a quick ratio of 14.94 and a debt-to-equity ratio of 2.14. The firm’s fifty day moving average is $21.30. The stock has a market cap of $647.62 million, a P/E ratio of 13.45, a P/E/G ratio of 2.68 and a beta of 0.84. Gladstone Commercial has a 12-month low of $16.89 and a 12-month high of $22.83.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.34). Gladstone Commercial had a net margin of 11.41% and a return on equity of 4.90%. The business had revenue of $28.14 million for the quarter, compared to the consensus estimate of $27.69 million. As a group, sell-side analysts expect that Gladstone Commercial will post 1.6 EPS for the current fiscal year.

A number of brokerages have recently commented on GOOD. ValuEngine upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, BidaskClub cut shares of Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.63.

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 April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

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Dividend History for Gladstone Commercial (NASDAQ:GOOD)

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