DA Davidson Comments on Gladstone Commercial Co.’s Q4 2018 Earnings (GOOD)

Gladstone Commercial Co. (NASDAQ:GOOD) – Equities researchers at DA Davidson reduced their Q4 2018 earnings estimates for shares of Gladstone Commercial in a research note issued on Wednesday, October 31st. DA Davidson analyst B. Oxford now expects that the real estate investment trust will post earnings of $0.39 per share for the quarter, down from their previous estimate of $0.40. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for Gladstone Commercial’s Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.41 EPS, FY2019 earnings at $1.64 EPS, Q1 2020 earnings at $0.41 EPS, Q2 2020 earnings at $0.41 EPS, Q3 2020 earnings at $0.42 EPS and FY2020 earnings at $1.67 EPS.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Friday. Boenning Scattergood set a $21.00 price target on shares of Gladstone Commercial and gave the company a “buy” rating in a report on Wednesday. ValuEngine upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. BidaskClub upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Wedbush lowered shares of Gladstone Commercial from an “outperform” rating to a “neutral” rating in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.13.

Shares of GOOD opened at $18.84 on Friday. Gladstone Commercial has a 1-year low of $16.78 and a 1-year high of $23.29. The company has a debt-to-equity ratio of 2.19, a current ratio of 13.78 and a quick ratio of 6.93. The stock has a market cap of $546.13 million, a P/E ratio of 11.92, a P/E/G ratio of 1.97 and a beta of 0.71.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Gladstone Commercial had a net margin of 7.96% and a return on equity of 3.26%. The company had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.86 million.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, October 19th were given a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.96%. The ex-dividend date was Thursday, October 18th. Gladstone Commercial’s payout ratio is currently 98.68%.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its position in Gladstone Commercial by 0.7% during the 1st quarter. BlackRock Inc. now owns 2,198,544 shares of the real estate investment trust’s stock worth $38,122,000 after purchasing an additional 15,457 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Gladstone Commercial by 15.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 398,557 shares of the real estate investment trust’s stock worth $7,661,000 after purchasing an additional 54,265 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Gladstone Commercial by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 397,402 shares of the real estate investment trust’s stock worth $7,638,000 after purchasing an additional 3,502 shares during the last quarter. Northern Trust Corp grew its position in Gladstone Commercial by 6.3% during the 2nd quarter. Northern Trust Corp now owns 365,808 shares of the real estate investment trust’s stock worth $7,031,000 after purchasing an additional 21,559 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Gladstone Commercial by 3.1% during the 3rd quarter. Wells Fargo & Company MN now owns 275,747 shares of the real estate investment trust’s stock worth $5,280,000 after purchasing an additional 8,317 shares during the last quarter. 53.95% of the stock is currently owned by hedge funds and other institutional investors.

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 July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.

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

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