Gladstone Commercial Co. (NASDAQ:GOOD) – Research analysts at B. Riley raised their Q3 2019 EPS estimates for shares of Gladstone Commercial in a research report issued to clients and investors on Thursday, November 1st. B. Riley analyst C. Kucera now expects that the real estate investment trust will earn $0.42 per share for the quarter, up from their previous estimate of $0.41. B. Riley has a “Neutral” rating and a $20.00 price target on the stock.
A number of other analysts have also recently issued reports on GOOD. ValuEngine raised Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. BidaskClub upgraded Gladstone Commercial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 7th. Boenning Scattergood started coverage on Gladstone Commercial in a research note on Tuesday, July 10th. They set an “outperform” rating and a $21.00 target price on the stock. Wedbush started coverage on Gladstone Commercial in a research note on Thursday, July 26th. They set an “outperform” rating and a $21.50 target price on the stock. Finally, DA Davidson reiterated a “buy” rating on shares of Gladstone Commercial in a research note on Tuesday, July 31st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Gladstone Commercial presently has a consensus rating of “Hold” and a consensus target price of $21.13.
Shares of GOOD traded down $0.17 during mid-day trading on Friday, reaching $18.75. The company’s stock had a trading volume of 3,403 shares, compared to its average volume of 87,516. Gladstone Commercial has a 1-year low of $16.78 and a 1-year high of $23.29. The stock has a market cap of $539.16 million, a price-to-earnings ratio of 12.41, a PEG ratio of 1.97 and a beta of 0.80. The company has a quick ratio of 6.93, a current ratio of 6.93 and a debt-to-equity ratio of 2.16.
Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. Gladstone Commercial had a return on equity of 3.22% and a net margin of 7.96%. The company had revenue of $26.59 million during the quarter, compared to analysts’ expectations of $26.86 million.
Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Gladstone Commercial during the second quarter worth approximately $124,000. Great West Life Assurance Co. Can increased its stake in shares of Gladstone Commercial by 83.3% during the second quarter. Great West Life Assurance Co. Can now owns 7,817 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 3,553 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Gladstone Commercial during the third quarter worth approximately $171,000. Public Employees Retirement Association of Colorado bought a new position in shares of Gladstone Commercial during the third quarter worth approximately $264,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Gladstone Commercial during the second quarter worth approximately $327,000. Institutional investors own 53.95% of the company’s stock.
The company also recently announced a monthly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, October 19th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, October 18th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.00%. Gladstone Commercial’s dividend payout ratio (DPR) is currently 98.68%.
About Gladstone Commercial
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 July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.
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