$23.09 Million in Sales Expected for Gladstone Commercial Corporation (GOOD) This Quarter

Brokerages predict that Gladstone Commercial Corporation (NASDAQ:GOOD) will announce $23.09 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Gladstone Commercial Corporation’s earnings. The highest sales estimate is $23.17 million and the lowest is $23.00 million. Gladstone Commercial Corporation reported sales of $21.59 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The firm is scheduled to report its next earnings report on Monday, October 30th.

On average, analysts expect that Gladstone Commercial Corporation will report full year sales of $23.09 million for the current fiscal year, with estimates ranging from $92.01 million to $92.31 million. For the next year, analysts anticipate that the business will post sales of $101.64 million per share, with estimates ranging from $97.71 million to $105.58 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Gladstone Commercial Corporation.

Several analysts recently issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of Gladstone Commercial Corporation in a report on Friday, September 8th. They set a “buy” rating for the company. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial Corporation in a report on Thursday, August 17th. BidaskClub raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Canaccord Genuity cut their target price on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Gladstone Commercial Corporation presently has an average rating of “Hold” and an average price target of $22.50.

ILLEGAL ACTIVITY WARNING: This story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://ledgergazette.com/2017/10/10/23-09-million-in-sales-expected-for-gladstone-commercial-corporation-good-this-quarter.html.

Gladstone Commercial Corporation (NASDAQ:GOOD) traded up 0.99% during midday trading on Friday, reaching $22.51. 94,969 shares of the company traded hands. The firm has a 50 day moving average of $21.79 and a 200-day moving average of $21.35. Gladstone Commercial Corporation has a 12 month low of $16.02 and a 12 month high of $23.35.

The business also recently announced a monthly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 20th were paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 6.66%. The ex-dividend date of this dividend was Tuesday, September 19th. Gladstone Commercial Corporation’s payout ratio is currently -1,250.00%.

A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in Gladstone Commercial Corporation by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,662 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 1,336 shares during the last quarter. State Street Corp raised its stake in Gladstone Commercial Corporation by 14.4% during the 2nd quarter. State Street Corp now owns 539,308 shares of the real estate investment trust’s stock valued at $11,754,000 after purchasing an additional 67,863 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Gladstone Commercial Corporation by 56.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 21,094 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 7,606 shares during the last quarter. Wolverine Trading LLC acquired a new position in Gladstone Commercial Corporation during the 2nd quarter valued at $461,000. Finally, Stifel Financial Corp raised its stake in Gladstone Commercial Corporation by 41.1% during the 2nd quarter. Stifel Financial Corp now owns 28,766 shares of the real estate investment trust’s stock valued at $632,000 after purchasing an additional 8,383 shares during the last quarter. Hedge funds and other institutional investors own 49.07% of the company’s stock.

Gladstone Commercial Corporation 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.

Get a free copy of the Zacks research report on Gladstone Commercia

On average, analysts expect that Gladstone Commercial Corporation will report full year sales of $23.09 million for the current fiscal year, with estimates ranging from $92.01 million to $92.31 million. For the next year, analysts anticipate that the business will post sales of $101.64 million per share, with estimates ranging from $97.71 million to $105.58 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Gladstone Commercial Corporation.

Several analysts recently issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of Gladstone Commercial Corporation in a report on Friday, September 8th. They set a “buy” rating for the company. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial Corporation in a report on Thursday, August 17th. BidaskClub raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Canaccord Genuity cut their target price on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Gladstone Commercial Corporation presently has an average rating of “Hold” and an average price target of $22.50.

ILLEGAL ACTIVITY WARNING: This story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://ledgergazette.com/2017/10/10/23-09-million-in-sales-expected-for-gladstone-commercial-corporation-good-this-quarter.html.

Gladstone Commercial Corporation (NASDAQ:GOOD) traded up 0.99% during midday trading on Friday, reaching $22.51. 94,969 shares of the company traded hands. The firm has a 50 day moving average of $21.79 and a 200-day moving average of $21.35. Gladstone Commercial Corporation has a 12 month low of $16.02 and a 12 month high of $23.35.

The business also recently announced a monthly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 20th were paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 6.66%. The ex-dividend date of this dividend was Tuesday, September 19th. Gladstone Commercial Corporation’s payout ratio is currently -1,250.00%.

A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in Gladstone Commercial Corporation by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,662 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 1,336 shares during the last quarter. State Street Corp raised its stake in Gladstone Commercial Corporation by 14.4% during the 2nd quarter. State Street Corp now owns 539,308 shares of the real estate investment trust’s stock valued at $11,754,000 after purchasing an additional 67,863 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Gladstone Commercial Corporation by 56.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 21,094 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 7,606 shares during the last quarter. Wolverine Trading LLC acquired a new position in Gladstone Commercial Corporation during the 2nd quarter valued at $461,000. Finally, Stifel Financial Corp raised its stake in Gladstone Commercial Corporation by 41.1% during the 2nd quarter. Stifel Financial Corp now owns 28,766 shares of the real estate investment trust’s stock valued at $632,000 after purchasing an additional 8,383 shares during the last quarter. Hedge funds and other institutional investors own 49.07% of the company’s stock.

Gladstone Commercial Corporation 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.

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Earnings History and Estimates for Gladstone Commercial Corporation (NASDAQ:GOOD)

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