Gladstone Commercial (NASDAQ:GOOD) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Gladstone Commercial (NASDAQ:GOOD) announced its earnings results on Wednesday. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07, FiscalAI reports. Gladstone Commercial had a net margin of 12.74% and a return on equity of 12.11%. The company had revenue of $43.99 million for the quarter, compared to analysts’ expectations of $42.18 million.

Gladstone Commercial Price Performance

NASDAQ:GOOD traded up $0.67 during trading hours on Thursday, hitting $12.91. The company’s stock had a trading volume of 745,383 shares, compared to its average volume of 482,000. The stock has a fifty day simple moving average of $12.56 and a 200-day simple moving average of $12.26. The company has a market capitalization of $624.97 million, a P/E ratio of 71.73 and a beta of 1.07. The company has a debt-to-equity ratio of 5.13, a current ratio of 4.03 and a quick ratio of 4.03. Gladstone Commercial has a twelve month low of $10.33 and a twelve month high of $13.47.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a yield of 9.3%. Gladstone Commercial’s dividend payout ratio (DPR) is 666.67%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GOOD shares. Huntington assumed coverage on Gladstone Commercial in a research report on Wednesday, July 15th. They set a “market perform” rating and a $13.00 price target on the stock. Weiss Ratings raised Gladstone Commercial from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Gladstone Commercial by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,802,602 shares of the real estate investment trust’s stock valued at $59,168,000 after purchasing an additional 102,561 shares during the last quarter. Geode Capital Management LLC lifted its stake in Gladstone Commercial by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 1,327,193 shares of the real estate investment trust’s stock valued at $14,164,000 after purchasing an additional 74,557 shares during the last quarter. Invesco Ltd. lifted its stake in Gladstone Commercial by 17.1% in the 4th quarter. Invesco Ltd. now owns 1,086,952 shares of the real estate investment trust’s stock valued at $11,598,000 after purchasing an additional 158,711 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Gladstone Commercial by 56.7% in the third 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. Finally, Charles Schwab Investment Management Inc. boosted its position in Gladstone Commercial by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 730,497 shares of the real estate investment trust’s stock valued at $7,794,000 after buying an additional 50,238 shares in the last quarter. 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.