Gladstone Commercial (GOOD) to Release Earnings on Monday

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Gladstone Commercial to post earnings of $0.34 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.31). Gladstone Commercial had a net margin of 2.82% and a return on equity of 2.36%. The company had revenue of $35.91 million for the quarter, compared to analysts' expectations of $36.80 million. 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 traded down $0.04 during mid-day trading on Monday, hitting $13.29. 185,588 shares of the company traded hands, compared to its average volume of 226,873. The company has a debt-to-equity ratio of 4.79, a quick ratio of 3.90 and a current ratio of 3.90. The stock has a 50-day moving average price of $13.11 and a two-hundred day moving average price of $12.90. Gladstone Commercial has a 1 year low of $10.84 and a 1 year high of $14.14. The stock has a market cap of $535.72 million, a price-to-earnings ratio of -60.45, a P/E/G ratio of 1.61 and a beta of 1.15.

Gladstone Commercial Dividend Announcement

The business 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 dividend of $0.10 per share. The ex-dividend date is Tuesday, June 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.03%. Gladstone Commercial's dividend payout ratio is -545.45%.

Analyst Ratings Changes

Separately, Alliance Global Partners began coverage on shares of Gladstone Commercial in a research note on Monday, March 18th. They issued a "buy" rating and a $15.50 price target on the stock.

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.