Gladstone Commercial (GOOD) Scheduled to Post Quarterly Earnings on Monday

Gladstone Commercial (NASDAQ:GOOD) will be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.31). The company had revenue of $35.91 million during the quarter, compared to the consensus estimate of $36.80 million. Gladstone Commercial had a return on equity of 2.36% and a net margin of 2.82%. 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 Trading Down 0.4 %

Shares of NASDAQ GOOD opened at $13.56 on Friday. Gladstone Commercial has a 12-month low of $10.84 and a 12-month high of $14.14. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 4.79. The company has a market cap of $546.60 million, a price-to-earnings ratio of -61.64, a price-to-earnings-growth ratio of 1.64 and a beta of 1.14. The stock’s 50 day simple moving average is $13.21 and its 200 day simple moving average is $12.94.

Gladstone Commercial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 8.85%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Commercial’s dividend payout ratio is currently -545.45%.

Analysts Set New Price Targets

Separately, Alliance Global Partners assumed coverage on Gladstone Commercial in a research report on Monday, March 18th. They issued a “buy” rating and a $15.50 target price on the stock.

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.