Gladstone Commercial (NASDAQ:GOOD) Announces Quarterly Earnings Results

Gladstone Commercial (NASDAQ:GOOD) released its earnings results on Tuesday. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.24, Zacks reports. Gladstone Commercial had a return on equity of 13.86% and a net margin of 14.47%.

Gladstone Commercial Price Performance

NASDAQ:GOOD opened at $16.04 on Wednesday. The stock has a 50 day moving average price of $16.22 and a 200 day moving average price of $16.07. The stock has a market cap of $704.48 million, a PE ratio of 80.20, a P/E/G ratio of 1.87 and a beta of 1.25. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. Gladstone Commercial has a one year low of $11.89 and a one year high of $17.88.

Gladstone Commercial Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a $0.10 dividend. 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 600.00%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a report 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.