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

Gladstone Commercial Co. (NASDAQ:GOOD) announced a dividend on Thursday, January 23rd,investing.com reports. Shareholders 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 yield of 7.45%. The ex-dividend date is Friday, January 24th.

Gladstone Commercial has raised its dividend payment by an average of 41.6% per year over the last three years. Gladstone Commercial has a dividend payout ratio of 413.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Price Performance

NASDAQ:GOOD opened at $16.11 on Friday. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. The company has a 50-day moving average of $16.59 and a 200-day moving average of $15.88. Gladstone Commercial has a 52 week low of $11.89 and a 52 week high of $17.88. The company has a market capitalization of $707.55 million, a price-to-earnings ratio of 80.55, a PEG ratio of 1.86 and a beta of 1.25.

Analysts Set New Price Targets

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

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.