Analysts expect Gladstone Commercial Co. (NASDAQ:GOOD) to post earnings of $0.40 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Gladstone Commercial’s earnings, with estimates ranging from $0.39 to $0.41. Gladstone Commercial posted earnings per share of $0.38 during the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 13th.
According to Zacks, analysts expect that Gladstone Commercial will report full-year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.61. For the next fiscal year, analysts forecast that the business will post earnings of $1.64 per share, with EPS estimates ranging from $1.58 to $1.68. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last posted 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 firm had revenue of $26.59 million for the quarter, compared to analyst estimates of $26.86 million.
GOOD has been the topic of a number of analyst reports. BidaskClub lowered shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Saturday, September 1st. DA Davidson reiterated a “buy” rating on shares of Gladstone Commercial in a research report on Tuesday, July 31st. Boenning Scattergood set a $21.00 price objective on shares of Gladstone Commercial and gave the company a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, Wedbush lowered shares of Gladstone Commercial from an “outperform” rating to a “neutral” rating in a research 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 assigned a buy rating to the company. Gladstone Commercial presently has an average rating of “Hold” and a consensus target price of $21.13.
NASDAQ:GOOD traded up $0.29 during midday trading on Wednesday, reaching $19.13. The stock had a trading volume of 2,997 shares, compared to its average volume of 92,658. Gladstone Commercial has a 12-month low of $16.78 and a 12-month 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 13.78. The firm has a market cap of $546.13 million, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.96 and a beta of 0.71.
The firm also recently announced a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Tuesday, November 20th will be issued a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Monday, November 19th. Gladstone Commercial’s dividend payout ratio (DPR) is currently 98.68%.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Gladstone Commercial by 0.7% in the first quarter. BlackRock Inc. now owns 2,198,544 shares of the real estate investment trust’s stock valued at $38,122,000 after acquiring an additional 15,457 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Gladstone Commercial by 15.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 398,557 shares of the real estate investment trust’s stock valued at $7,661,000 after acquiring an additional 54,265 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Gladstone Commercial by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 397,402 shares of the real estate investment trust’s stock valued at $7,638,000 after purchasing an additional 3,502 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Gladstone Commercial by 6.3% in the second quarter. Northern Trust Corp now owns 365,808 shares of the real estate investment trust’s stock valued at $7,031,000 after purchasing an additional 21,559 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Gladstone Commercial by 3.1% in the third quarter. Wells Fargo & Company MN now owns 275,747 shares of the real estate investment trust’s stock valued at $5,280,000 after purchasing an additional 8,317 shares in the last quarter. 54.04% of the stock is owned by 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.
Featured Article: Technical Analysis of Stocks and What It Means
Get a free copy of the Zacks research report on Gladstone Commercial (GOOD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with MarketBeat.com's FREE daily email newsletter.