Gladstone Commercial Co. (NASDAQ:GOOD) announced a monthly dividend on Tuesday, January 12th, Zacks reports. Stockholders of record on Friday, January 22nd will be given a dividend of 0.125 per share by the real estate investment trust on Friday, January 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date is Thursday, January 21st.

Gladstone Commercial has raised its dividend by 0.1% over the last three years.

NASDAQ GOOD opened at $18.07 on Thursday. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 3.29. The stock’s 50-day simple moving average is $18.08 and its two-hundred day simple moving average is $17.96. Gladstone Commercial has a twelve month low of $7.59 and a twelve month high of $22.65. The company has a market capitalization of $619.22 million, a price-to-earnings ratio of -66.92 and a beta of 1.00.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). The firm had revenue of $33.14 million for the quarter, compared to the consensus estimate of $33.61 million. Gladstone Commercial had a net margin of 5.05% and a return on equity of 3.10%. On average, equities analysts expect that Gladstone Commercial will post 1.58 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on GOOD. Zacks Investment Research upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Monday, November 30th. BidaskClub downgraded shares of Gladstone Commercial from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 31st. Finally, Wedbush reaffirmed an “outperform” rating on shares of Gladstone Commercial in a research note on Tuesday, November 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $20.80.

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 September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock.

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Dividend History for Gladstone Commercial (NASDAQ:GOOD)

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