Gladstone Commercial Corporation Declares Monthly Dividend of $0.10 (NASDAQ:GOOD)

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, April 14th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.10 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Gladstone Commercial has decreased its dividend payment by an average of 0.0%annually over the last three years. Gladstone Commercial has a payout ratio of 413.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Gladstone Commercial to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 80.0%.

Gladstone Commercial Stock Up 1.3%

GOOD opened at $12.41 on Wednesday. Gladstone Commercial has a twelve month low of $10.33 and a twelve month high of $15.03. The company has a debt-to-equity ratio of 4.92, a quick ratio of 5.36 and a current ratio of 5.36. The business has a 50 day moving average price of $11.94 and a 200 day moving average price of $11.45. The firm has a market cap of $600.77 million, a P/E ratio of 88.64 and a beta of 1.09.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings results on Wednesday, February 18th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.31). The company had revenue of $43.46 million during the quarter, compared to the consensus estimate of $41.23 million. Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%. Research analysts forecast that Gladstone Commercial will post 1.45 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GOOD. Goldman Sachs Group Inc. raised its stake in Gladstone Commercial by 211.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 521,090 shares of the real estate investment trust’s stock valued at $5,560,000 after buying an additional 353,525 shares during the period. Qube Research & Technologies Ltd grew its holdings in Gladstone Commercial by 56.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock valued at $10,150,000 after buying an additional 298,114 shares in the last quarter. Invesco Ltd. increased its position in Gladstone Commercial by 33.6% during the 3rd quarter. Invesco Ltd. now owns 928,241 shares of the real estate investment trust’s stock worth $11,436,000 after buying an additional 233,493 shares during the period. Millennium Management LLC lifted its holdings in shares of Gladstone Commercial by 525.8% during the first quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust’s stock worth $3,838,000 after buying an additional 215,245 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Gladstone Commercial by 113.0% in the second quarter. AQR Capital Management LLC now owns 257,948 shares of the real estate investment trust’s stock valued at $3,696,000 after acquiring an additional 136,823 shares during the period. Institutional investors own 45.51% of the company’s stock.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long?term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single?tenant net?leased investments and multi?tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.