Gladstone Commercial Co. (NASDAQ:GOOD) Declares $0.10 Dividend

Gladstone Commercial Co. (NASDAQ:GOOD) declared a dividend on Monday, January 20th,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, January 31st. This represents a dividend yield of 7.36%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Commercial has raised its dividend by an average of 41.6% per year over the last three years. Gladstone Commercial has a dividend payout ratio of 413.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Gladstone Commercial to earn $1.45 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 82.8%.

Gladstone Commercial Price Performance

GOOD traded down $0.08 during trading on Monday, hitting $16.31. 225,748 shares of the company traded hands, compared to its average volume of 231,981. The company has a market cap of $716.34 million, a PE ratio of 81.55, a P/E/G ratio of 1.81 and a beta of 1.25. Gladstone Commercial has a 1 year low of $11.89 and a 1 year high of $17.88. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. The stock’s 50-day simple moving average is $16.64 and its two-hundred day simple moving average is $15.84.

Analyst Ratings Changes

Several brokerages have recently issued reports on GOOD. Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th. B. Riley reaffirmed a “neutral” rating and set a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.