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

Gladstone Commercial Co. (NASDAQ:GOOD) announced a dividend on Thursday, January 23rd,investing.com reports. Investors of record on Monday, January 27th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, January 31st. This represents a dividend yield of 7.45%. The ex-dividend date is Friday, January 24th.

Gladstone Commercial has increased its dividend payment by an average of 41.6% annually over the last three years. Gladstone Commercial has a dividend payout ratio of 413.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Performance

Shares of GOOD opened at $16.11 on Friday. The company has a market capitalization of $707.55 million, a PE ratio of 80.55, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54. Gladstone Commercial has a one year low of $11.89 and a one year high of $17.88. The company’s fifty day moving average price is $16.59 and its 200 day moving average price is $15.88.

Analysts Set New Price Targets

Several research firms recently weighed in on GOOD. StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. B. Riley reiterated a “neutral” rating and set a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. Finally, Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th.

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.