Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, April 10th, Wall Street Journal reports. Stockholders of record on Wednesday, May 22nd will be given a dividend of 0.125 per share by the real estate investment trust on Friday, May 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend is Tuesday, May 21st.

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 decline. 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%.

GOOD opened at $21.76 on Thursday. Gladstone Commercial has a 12-month low of $16.89 and a 12-month high of $22.83. The company has a debt-to-equity ratio of 2.14, a current ratio of 14.94 and a quick ratio of 14.94. The stock has a market capitalization of $655.93 million, a PE ratio of 13.69, a PEG ratio of 2.67 and a beta of 0.91.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). Gladstone Commercial had a return on equity of 4.90% and a net margin of 11.41%. The firm had revenue of $28.14 million during the quarter, compared to analysts’ expectations of $27.69 million. As a group, equities research analysts expect that Gladstone Commercial will post 1.61 EPS for the current year.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. BidaskClub raised Gladstone Commercial from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. ValuEngine raised Gladstone Commercial from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Boenning Scattergood reissued a “buy” rating and issued a $21.00 target price on shares of Gladstone Commercial in a research note on Thursday, February 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $21.63.

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About Gladstone Commercial

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.

See Also: Net Income

Dividend History for Gladstone Commercial (NASDAQ:GOOD)

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