Gladstone Commercial Co. (NASDAQ:GOOD) Declares Dividend of $0.10

Gladstone Commercial Co. (NASDAQ:GOOD) declared a dividend on Tuesday, January 21st,investing.com reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, January 31st. This represents a dividend yield of 7.32%. The ex-dividend date is Friday, January 24th.

Gladstone Commercial has increased its dividend payment by an average of 41.6% per year over the last three years. Gladstone Commercial has a payout ratio of 413.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Gladstone Commercial to earn $1.45 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 82.8%.

Gladstone Commercial Stock Up 0.5 %

Shares of GOOD opened at $16.39 on Wednesday. Gladstone Commercial has a 12 month low of $11.89 and a 12 month high of $17.88. The firm’s 50 day moving average is $16.62 and its 200-day moving average is $15.86. The stock has a market capitalization of $719.85 million, a PE ratio of 81.95, a P/E/G ratio of 1.88 and a beta of 1.25. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10.

Analysts Set New Price Targets

Several research analysts have recently commented on GOOD shares. Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th. StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, B. Riley restated a “neutral” rating and issued a $15.00 target price (up previously from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th.

Gladstone Commercial Company Profile

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.