Gladstone Commercial Corporation (GOOD) Issues Earnings Results
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%.
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.
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