Analysts expect Gladstone Commercial Co. (NASDAQ:GOOD) to post $24.24 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Gladstone Commercial’s earnings. The highest sales estimate is $24.81 million and the lowest is $23.66 million. Gladstone Commercial posted sales of $22.01 million during the same quarter last year, which suggests a positive year over year growth rate of 10.1%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, February 14th.
According to Zacks, analysts expect that Gladstone Commercial will report full-year sales of $24.24 million for the current year, with estimates ranging from $92.01 million to $94.36 million. For the next fiscal year, analysts expect that the firm will report sales of $101.47 million per share, with estimates ranging from $97.71 million to $108.35 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.40. Gladstone Commercial had a return on equity of 3.96% and a net margin of 10.59%.
Several research firms have recently commented on GOOD. BidaskClub raised Gladstone Commercial from a “strong sell” rating to a “sell” rating in a research report on Saturday. B. Riley began coverage on Gladstone Commercial in a research report on Thursday, February 8th. They issued a “neutral” rating and a $19.00 price target for the company. Zacks Investment Research lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a research report on Friday, December 1st. Finally, ValuEngine lowered Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.50.
A number of hedge funds have recently made changes to their positions in GOOD. Swiss National Bank grew its stake in Gladstone Commercial by 10.3% during the 2nd quarter. Swiss National Bank now owns 42,700 shares of the real estate investment trust’s stock worth $930,000 after buying an additional 4,000 shares during the last quarter. Alliancebernstein L.P. grew its stake in Gladstone Commercial by 24.7% during the 2nd quarter. Alliancebernstein L.P. now owns 25,020 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 4,950 shares during the last quarter. Teachers Advisors LLC grew its stake in Gladstone Commercial by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 48,485 shares of the real estate investment trust’s stock worth $1,056,000 after buying an additional 226 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in Gladstone Commercial by 5.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 66,541 shares of the real estate investment trust’s stock worth $1,450,000 after buying an additional 3,194 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in Gladstone Commercial by 15.4% during the 2nd quarter. New York State Common Retirement Fund now owns 27,000 shares of the real estate investment trust’s stock worth $588,000 after buying an additional 3,599 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.
Gladstone Commercial (NASDAQ:GOOD) traded down $0.37 on Friday, hitting $17.28. The stock had a trading volume of 199,199 shares, compared to its average volume of 188,932. The company has a market cap of $478.75, a price-to-earnings ratio of -432.00, a price-to-earnings-growth ratio of 1.86 and a beta of 0.75. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78. Gladstone Commercial has a 52-week low of $17.09 and a 52-week high of $23.35.
The firm also recently announced a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 22nd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 19th. This represents a $1.50 annualized dividend and a yield of 8.68%. Gladstone Commercial’s dividend payout ratio (DPR) is -3,750.00%.
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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.
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