Gladstone Commercial (NASDAQ:GOOD) Posts Earnings Results, Beats Estimates By $0.30 EPS

by · The Cerbat Gem

Gladstone Commercial (NASDAQ:GOODGet Free Report) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.30, Zacks reports. Gladstone Commercial had a net margin of 11.95% and a return on equity of 10.75%.

Gladstone Commercial Trading Up 0.7%

NASDAQ GOOD traded up $0.09 during mid-day trading on Tuesday, hitting $12.87. The company’s stock had a trading volume of 320,152 shares, compared to its average volume of 337,688. The firm has a market capitalization of $623.04 million, a P/E ratio of 91.93 and a beta of 1.09. The company has a debt-to-equity ratio of 4.92, a current ratio of 5.36 and a quick ratio of 5.36. Gladstone Commercial has a 52-week low of $10.33 and a 52-week high of $15.03. The stock’s fifty day simple moving average is $12.18 and its two-hundred day simple moving average is $11.53.

Gladstone Commercial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a $0.10 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 9.3%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 857.14%.

Institutional Trading of Gladstone Commercial

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Gladstone Commercial by 2.2% during the third quarter. Vanguard Group Inc. now owns 4,802,602 shares of the real estate investment trust’s stock worth $59,168,000 after purchasing an additional 102,561 shares in the last quarter. Geode Capital Management LLC grew its holdings in Gladstone Commercial by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 1,327,193 shares of the real estate investment trust’s stock valued at $14,164,000 after purchasing an additional 74,557 shares in the last quarter. Invesco Ltd. increased its stake in Gladstone Commercial by 17.1% during the 4th quarter. Invesco Ltd. now owns 1,086,952 shares of the real estate investment trust’s stock worth $11,598,000 after buying an additional 158,711 shares during the period. Qube Research & Technologies Ltd increased its stake in Gladstone Commercial by 56.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock worth $10,150,000 after buying an additional 298,114 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Gladstone Commercial by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 730,497 shares of the real estate investment trust’s stock worth $7,794,000 after buying an additional 50,238 shares in the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

Wall Street Analyst Weigh In

GOOD has been the topic of a number of research analyst reports. B. Riley Financial reissued a “neutral” rating and set a $12.50 price objective (up from $11.00) on shares of Gladstone Commercial in a report on Tuesday, February 24th. Wall Street Zen upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Gladstone Commercial in a report on Friday, March 27th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.75.

Read Our Latest Research Report on Gladstone Commercial

Gladstone Commercial Company Profile

(Get Free Report)

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.

See Also