Gladstone Commercial (GOOD) Announces Quarterly Earnings Results

Gladstone Commercial (NASDAQ:GOOD) announced its earnings results on Wednesday. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.40, Bloomberg Earnings reports. Gladstone Commercial had a net margin of 10.59% and a return on equity of 3.96%.

Gladstone Commercial (GOOD) traded down $0.37 during midday trading on Wednesday, hitting $17.28. 199,199 shares of the stock were exchanged, compared to its average volume of 188,932. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.78. Gladstone Commercial has a 12 month low of $17.09 and a 12 month high of $23.35. The firm has a market capitalization of $478.75, a P/E ratio of -432.00, a PEG ratio of 1.86 and a beta of 0.75.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, January 22nd were issued a $0.125 dividend. The ex-dividend date was Friday, January 19th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.68%. Gladstone Commercial’s dividend payout ratio (DPR) is presently -3,750.00%.

Several brokerages have commented on GOOD. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Gladstone Commercial in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine downgraded shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. BidaskClub downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Finally, B. Riley began coverage on shares of Gladstone Commercial in a report on Thursday, February 8th. They set a “neutral” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Gladstone Commercial has an average rating of “Hold” and a consensus target price of $21.50.

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About Gladstone Commercial

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 (NASDAQ:GOOD)

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