Gladstone Commercial Co. (NASDAQ:GOOD) Plans $0.13 Dividend

Gladstone Commercial Co. (NASDAQ:GOOD) declared a dividend on Tuesday, October 8th, Fidelity reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.125 per share by the real estate investment trust on Friday, November 29th. The ex-dividend date of this dividend is Monday, November 18th.

Shares of Gladstone Commercial stock opened at $22.96 on Friday. Gladstone Commercial has a one year low of $16.89 and a one year high of $23.98. The stock’s fifty day moving average is $23.08 and its 200 day moving average is $22.10. The stock has a market cap of $710.46 million, a P/E ratio of 14.44 and a beta of 0.77. The company has a debt-to-equity ratio of 2.29, a quick ratio of 16.37 and a current ratio of 16.37.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.42). Gladstone Commercial had a return on equity of 4.48% and a net margin of 10.34%. The company had revenue of $28.67 million during the quarter, compared to the consensus estimate of $29.18 million. Analysts predict that Gladstone Commercial will post 1.55 EPS for the current year.

A number of equities research analysts have commented on GOOD shares. BidaskClub cut Gladstone Commercial from a “sell” rating to a “strong sell” rating in a report on Friday. National Securities started coverage on Gladstone Commercial in a report on Monday, November 11th. They set a “buy” rating and a $25.00 price target on the stock. ValuEngine cut Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Finally, Zacks Investment Research raised Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.33.

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 April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

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Dividend History for Gladstone Commercial (NASDAQ:GOOD)

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