Wall Street brokerages expect Gladstone Commercial Co. (NASDAQ:GOOD) to post earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Gladstone Commercial’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.39. Gladstone Commercial posted earnings per share of $0.37 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.1%. The company is expected to report its next earnings results on Monday, July 30th.
On average, analysts expect that Gladstone Commercial will report full-year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.60. For the next year, analysts forecast that the business will post earnings of $1.63 per share, with EPS estimates ranging from $1.55 to $1.67. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.34). Gladstone Commercial had a return on equity of 2.40% and a net margin of 6.26%. The company had revenue of $26.35 million for the quarter, compared to the consensus estimate of $25.57 million.
Several research firms have commented on GOOD. BidaskClub lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. B. Riley reiterated a “neutral” rating and set a $19.00 price objective on shares of Gladstone Commercial in a research report on Monday, March 12th. ValuEngine lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Zacks Investment Research lowered shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Finally, Hilliard Lyons upgraded shares of Gladstone Commercial from a “neutral” rating to a “long” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Gladstone Commercial currently has a consensus rating of “Hold” and a consensus price target of $21.50.
Shares of Gladstone Commercial opened at $18.23 on Tuesday, MarketBeat reports. Gladstone Commercial has a fifty-two week low of $16.78 and a fifty-two week high of $23.29. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $525.00 million, a P/E ratio of 11.99, a P/E/G ratio of 1.95 and a beta of 0.78.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 29th. Shareholders of record on Wednesday, June 20th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $1.50 annualized dividend and a yield of 8.23%. Gladstone Commercial’s dividend payout ratio (DPR) is currently 98.68%.
In other Gladstone Commercial news, CFO Michael Sodo acquired 2,000 shares of the stock in a transaction on Friday, May 4th. The stock was acquired at an average price of $18.00 per share, for a total transaction of $36,000.00. Following the completion of the transaction, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at $90,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 4,571 shares of company stock valued at $82,437 in the last quarter. 1.98% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in shares of Gladstone Commercial by 6.1% in the 4th quarter. Renaissance Technologies LLC now owns 2,428,399 shares of the real estate investment trust’s stock worth $51,142,000 after acquiring an additional 139,729 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Gladstone Commercial by 0.7% in the 1st quarter. BlackRock Inc. now owns 2,198,544 shares of the real estate investment trust’s stock worth $38,122,000 after acquiring an additional 15,457 shares during the last quarter. United Capital Financial Advisers LLC lifted its holdings in shares of Gladstone Commercial by 2.0% in the 1st quarter. United Capital Financial Advisers LLC now owns 535,692 shares of the real estate investment trust’s stock worth $9,289,000 after acquiring an additional 10,294 shares during the last quarter. Fiduciary Financial Services of The Southwest Inc. TX lifted its holdings in shares of Gladstone Commercial by 1.4% in the 4th quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 413,664 shares of the real estate investment trust’s stock worth $8,712,000 after acquiring an additional 5,763 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Gladstone Commercial by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 393,900 shares of the real estate investment trust’s stock worth $6,830,000 after acquiring an additional 9,087 shares during the last quarter. Hedge funds and other institutional investors own 55.07% of the company’s 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 2018, Gladstone Commercial has paid 156 consecutive monthly cash distributions on its common stock.
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