Gladstone Commercial Corporation (GOOD) to Distribute Monthly Dividend of $0.10 on September 30th

Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Tuesday, July 14th. Investors of record on Monday, September 21st will be paid a dividend of 0.10 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Monday, September 21st.

Gladstone Commercial has decreased its dividend payment by an average of 0.0%per year over the last three years. Gladstone Commercial has a dividend 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. Equities research analysts expect Gladstone Commercial to earn $1.42 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 84.5%.

Gladstone Commercial Stock Up 1.1%

Shares of NASDAQ GOOD opened at $12.71 on Thursday. Gladstone Commercial has a 12-month low of $10.33 and a 12-month high of $13.91. The company has a market cap of $615.25 million, a P/E ratio of 70.62 and a beta of 1.07. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 5.13. The stock has a fifty day moving average price of $12.51 and a 200 day moving average price of $12.07.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.30. The company had revenue of $41.91 million for the quarter, compared to analysts’ expectations of $42.94 million. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%. Research analysts anticipate that Gladstone Commercial will post 1.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Gladstone Commercial

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in Gladstone Commercial by 211.0% in the 4th 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 last quarter. Qube Research & Technologies Ltd increased its position in shares of Gladstone Commercial by 56.7% during the third quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock worth $10,150,000 after acquiring an additional 298,114 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Gladstone Commercial by 33.6% in the third quarter. Invesco Ltd. now owns 928,241 shares of the real estate investment trust’s stock worth $11,436,000 after acquiring an additional 233,493 shares in the last quarter. Millennium Management LLC boosted its holdings in Gladstone Commercial by 525.8% in the first quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust’s stock valued at $3,838,000 after purchasing an additional 215,245 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Gladstone Commercial by 113.0% during the 2nd quarter. AQR Capital Management LLC now owns 257,948 shares of the real estate investment trust’s stock valued at $3,696,000 after purchasing an additional 136,823 shares in the last quarter. Institutional investors and hedge funds 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.