Gladstone Commercial (GOOD) to Release Earnings on Monday

Gladstone Commercial (NASDAQ:GOOD) is set to post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Gladstone Commercial to post earnings of $0.34 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). The business had revenue of $37.06 million for the quarter, compared to analysts’ expectations of $35.89 million. Gladstone Commercial had a return on equity of 7.34% and a net margin of 7.90%. During the same quarter last year, the business posted $0.41 earnings per share. On average, analysts expect Gladstone Commercial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Gladstone Commercial Stock Performance

Shares of GOOD opened at $15.57 on Friday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 4.95. The firm has a market cap of $662.19 million, a PE ratio of -389.25, a price-to-earnings-growth ratio of 1.89 and a beta of 1.21. The company’s 50 day simple moving average is $15.85 and its 200-day simple moving average is $14.82. Gladstone Commercial has a 12-month low of $11.40 and a 12-month high of $16.61.

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a yield of 7.71%. Gladstone Commercial’s dividend payout ratio (DPR) is -3,000.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GOOD. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th. StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, B. Riley reiterated a “neutral” rating and issued a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th.

Gladstone Commercial Company Profile

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.