Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Tuesday, October 9th, NASDAQ reports. Stockholders of record on Friday, October 19th will be paid a dividend of 0.125 per share by the real estate investment trust on Wednesday, October 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date of this dividend is Thursday, October 18th.

Gladstone Commercial has a dividend payout ratio of 94.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Gladstone Commercial to earn $1.64 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 91.5%.

Shares of Gladstone Commercial stock opened at $18.12 on Friday. The firm has a market capitalization of $548.91 million, a PE ratio of 11.92, a price-to-earnings-growth ratio of 2.00 and a beta of 0.81. Gladstone Commercial has a 12 month low of $16.78 and a 12 month high of $23.29. The company has a debt-to-equity ratio of 2.16, a quick ratio of 6.93 and a current ratio of 6.93.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Monday, July 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.41). The business had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.49 million. Gladstone Commercial had a net margin of 7.85% and a return on equity of 3.08%. As a group, equities research analysts expect that Gladstone Commercial will post 1.59 EPS for the current fiscal year.

A number of brokerages have recently commented on GOOD. BidaskClub raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine lowered shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Wedbush lowered shares of Gladstone Commercial from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 9th. Zacks Investment Research lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, B. Riley lifted their price objective on shares of Gladstone Commercial from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, August 1st. One equities 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 stock. The company presently has an average rating of “Hold” and an average target price of $21.13.

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 July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.

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Dividend History for Gladstone Commercial (NASDAQ:GOOD)

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