Gladstone Commercial Corporation (NASDAQ:GOOD) released its earnings results on Tuesday. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.36, Bloomberg Earnings reports. Gladstone Commercial Corporation had a return on equity of 3.08% and a net margin of 8.15%.

Gladstone Commercial Corporation (NASDAQ GOOD) traded up 0.98% during mid-day trading on Tuesday, reaching $21.66. The company’s stock had a trading volume of 154,335 shares. Gladstone Commercial Corporation has a 52-week low of $16.43 and a 52-week high of $23.35. The company has a 50 day moving average of $22.18 and a 200-day moving average of $21.49.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be issued a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend is Friday, November 17th. Gladstone Commercial Corporation’s dividend payout ratio (DPR) is currently -1,250.00%.

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A number of analysts have issued reports on the company. BidaskClub raised Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Canaccord Genuity lowered their target price on Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial Corporation in a report on Thursday, August 17th. Zacks Investment Research raised Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, DA Davidson assumed coverage on Gladstone Commercial Corporation in a report on Tuesday, July 25th. They issued a “buy” rating and a $24.00 target price on the stock. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.33.

About Gladstone Commercial Corporation

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.

Earnings History for Gladstone Commercial Corporation (NASDAQ:GOOD)

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