Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, April 11th, Wall Street Journal reports. Stockholders of record on Friday, April 20th will be given a dividend of 0.125 per share by the real estate investment trust on Monday, April 30th. This represents a $1.50 annualized dividend and a dividend yield of 8.47%. The ex-dividend date is Thursday, April 19th.
Shares of NASDAQ GOOD traded down $0.20 during mid-day trading on Wednesday, hitting $17.72. The company had a trading volume of 123,223 shares, compared to its average volume of 172,817. Gladstone Commercial has a 1-year low of $16.78 and a 1-year high of $23.29. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.96. The stock has a market cap of $496.50, a P/E ratio of 11.71, a PEG ratio of 1.83 and a beta of 0.78.
Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.54). The business had revenue of $25.25 million during the quarter, compared to analyst estimates of $24.24 million. Gladstone Commercial had a net margin of 6.26% and a return on equity of 2.36%. equities analysts forecast that Gladstone Commercial will post 1.59 EPS for the current fiscal year.
In related news, CEO David Gladstone acquired 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average cost of $17.50 per share, for a total transaction of $297,500.00. Following the transaction, the chief executive officer now directly owns 466,564 shares of the company’s stock, valued at approximately $8,164,870. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased a total of 21,200 shares of company stock valued at $371,596 over the last 90 days. Insiders own 1.98% of the company’s stock.
A number of research firms recently issued reports on GOOD. Zacks Investment Research raised Gladstone Commercial from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Friday, January 12th. BidaskClub raised Gladstone Commercial from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 7th. TheStreet lowered Gladstone Commercial from a “c” rating to a “d+” rating in a report on Tuesday, March 27th. Hilliard Lyons upgraded shares of Gladstone Commercial from a “neutral” rating to a “long” rating in a research report on Friday, February 16th. Finally, B. Riley initiated coverage on shares of Gladstone Commercial in a research report on Thursday, February 8th. They set a “neutral” rating and a $19.00 price target for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $21.50.
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Gladstone Commercial Company Profile
Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.
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