Gladstone Commercial (NASDAQ:GOOD) Announces Quarterly Earnings Results, Beats Expectations By $0.30 EPS

Gladstone Commercial (NASDAQ:GOOD) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.30, Zacks reports. Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%.

Gladstone Commercial Price Performance

Shares of NASDAQ GOOD traded up $0.09 during mid-day trading on Tuesday, reaching $12.87. 320,152 shares of the company traded hands, compared to its average volume of 337,688. Gladstone Commercial has a fifty-two week low of $10.33 and a fifty-two week high of $15.03. The company has a debt-to-equity ratio of 4.92, a current ratio of 5.36 and a quick ratio of 5.36. The firm has a market cap of $623.04 million, a PE ratio of 91.93 and a beta of 1.09. The stock has a fifty day simple moving average of $12.18 and a 200-day simple moving average of $11.53.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Tuesday, June 23rd. Gladstone Commercial’s dividend payout ratio (DPR) is currently 857.14%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GOOD. Wall Street Zen upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. B. Riley Financial reiterated a “neutral” rating and set a $12.50 price objective (up from $11.00) on shares of Gladstone Commercial in a research note on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Gladstone Commercial in a research note on Friday, March 27th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in shares of Gladstone Commercial by 751.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,578 shares during the period. Advisory Services Network LLC bought a new stake in Gladstone Commercial during the third quarter worth approximately $34,000. Parallel Advisors LLC boosted its holdings in Gladstone Commercial by 71.1% during the third quarter. Parallel Advisors LLC now owns 2,811 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,168 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Gladstone Commercial by 67.2% during the second quarter. BNP Paribas Financial Markets now owns 4,189 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,684 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Gladstone Commercial by 199.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,354 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 2,899 shares during the period. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Company Profile

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.