Gladstone Commercial Corporation (GOOD) to Issue Monthly Dividend of $0.10 on February 27th

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, January 13th. Investors of record on Wednesday, February 18th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Wednesday, February 18th.

Gladstone Commercial has decreased its dividend by an average of 0.0%per year over the last three years. Gladstone Commercial has a payout ratio of 413.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Gladstone Commercial to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 80.0%.

Gladstone Commercial Price Performance

GOOD stock opened at $11.67 on Monday. Gladstone Commercial has a 12 month low of $10.33 and a 12 month high of $16.40. The firm has a market cap of $564.83 million, a P/E ratio of 64.83 and a beta of 1.11. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 4.58. The company’s 50-day moving average price is $11.16 and its two-hundred day moving average price is $11.77.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GOOD. Weiss Ratings restated a “hold (c-)” rating on shares of Gladstone Commercial in a report on Monday, December 29th. B. Riley Financial reaffirmed a “neutral” rating and set a $11.00 target price (down previously from $12.00) on shares of Gladstone Commercial in a research note on Monday, November 24th. Loop Capital set a $13.00 price target on shares of Gladstone Commercial in a research note on Wednesday, November 5th. Finally, Zacks Research raised Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.00.

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.