Gladstone Commercial (NASDAQ:GOOD) Announces Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Gladstone Commercial (NASDAQ:GOOD) issued its quarterly earnings data on Tuesday. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14), FiscalAI reports. The business had revenue of $42.42 million for the quarter, compared to analysts’ expectations of $42.56 million. Gladstone Commercial had a net margin of 14.55% and a return on equity of 14.61%.

Gladstone Commercial Trading Down 0.4%

NASDAQ GOOD opened at $11.53 on Wednesday. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 5.43. The firm has a market cap of $558.17 million, a PE ratio of 7.99 and a beta of 1.09. The company has a 50 day moving average price of $12.53 and a 200 day moving average price of $12.38. Gladstone Commercial has a 52 week low of $10.33 and a 52 week high of $13.28.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, December 21st will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.4%. Gladstone Commercial’s payout ratio is presently 461.54%.

Analyst Ratings Changes

A number of research firms have weighed in on GOOD. Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Commercial in a report on Monday, August 24th. Huntington initiated coverage on Gladstone Commercial in a report on Wednesday, July 15th. They issued a “market perform” rating and a $13.00 price target on the stock. Four equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.83.

About Gladstone Commercial

Gladstone Commercial Corporation (NASDAQ: GOOD) is a real estate investment trust (REIT) that owns, acquires, and manages income-producing commercial properties in the United States. The company primarily focuses on office and industrial real estate, including business parks, office buildings, manufacturing facilities, distribution properties, and other commercial assets.

Gladstone Commercial generally leases its properties to businesses under long-term agreements, with the goal of generating recurring rental income.