Gladstone Commercial (NASDAQ:GOOD) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.40, Bloomberg Earnings reports. Gladstone Commercial had a net margin of 10.59% and a return on equity of 3.96%.

Shares of Gladstone Commercial (NASDAQ GOOD) traded down $0.37 on Wednesday, reaching $17.28. 199,199 shares of the company were exchanged, compared to its average volume of 188,932. The firm has a market capitalization of $478.75, a P/E ratio of -432.00, a price-to-earnings-growth ratio of 1.86 and a beta of 0.75. Gladstone Commercial has a fifty-two week low of $17.09 and a fifty-two week high of $23.35. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.68 and a current ratio of 0.68.

The company also recently announced a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 22nd were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 19th. This represents a $1.50 dividend on an annualized basis and a yield of 8.68%. Gladstone Commercial’s payout ratio is -3,750.00%.

A number of analysts have recently issued reports on GOOD shares. ValuEngine downgraded shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Zacks Investment Research upgraded shares of Gladstone Commercial from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Friday, January 5th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Gladstone Commercial in a report on Friday, December 1st. B. Riley assumed coverage on shares of Gladstone Commercial in a report on Thursday, February 8th. They set a “neutral” rating and a $19.00 target price on the stock. Finally, BidaskClub upgraded shares of Gladstone Commercial from a “strong sell” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.50.

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Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.

Earnings History for Gladstone Commercial (NASDAQ:GOOD)

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