Gladstone Commercial (NASDAQ:GOOD) Posts Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Gladstone Commercial (NASDAQ:GOOD) announced its earnings results on Tuesday. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.24, Zacks reports. Gladstone Commercial had a return on equity of 15.57% and a net margin of 16.09%. The firm had revenue of $37.38 million during the quarter, compared to analyst estimates of $38.04 million.

Gladstone Commercial Stock Up 0.1 %

Shares of NASDAQ GOOD opened at $16.06 on Thursday. The firm has a market capitalization of $705.53 million, a price-to-earnings ratio of 61.77, a PEG ratio of 1.85 and a beta of 1.25. Gladstone Commercial has a 52-week low of $11.89 and a 52-week high of $17.88. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. The stock has a 50 day moving average price of $16.18 and a 200 day moving average price of $16.08.

Gladstone Commercial Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 7.48%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 461.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

About Gladstone Commercial

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.