Brokerages expect Gladstone Commercial Co. (NASDAQ:GOOD) to report $27.32 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Gladstone Commercial’s earnings, with the lowest sales estimate coming in at $27.14 million and the highest estimate coming in at $27.70 million. Gladstone Commercial posted sales of $25.25 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.2%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 13th.
On average, analysts expect that Gladstone Commercial will report full year sales of $106.95 million for the current year, with estimates ranging from $106.68 million to $107.50 million. For the next year, analysts expect that the company will post sales of $115.96 million, with estimates ranging from $112.01 million to $118.66 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $26.59 million during the quarter, compared to analyst estimates of $26.86 million. Gladstone Commercial had a return on equity of 3.26% and a net margin of 7.96%.
A number of research firms have commented on GOOD. BidaskClub cut Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Saturday, September 1st. ValuEngine cut Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. B. Riley upped their price target on Gladstone Commercial from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 1st. Wedbush began coverage on Gladstone Commercial in a research note on Thursday, July 26th. They set an “outperform” rating and a $21.50 price target on the stock. Finally, Boenning Scattergood set a $21.00 price target on Gladstone Commercial and gave the stock a “buy” rating in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $21.13.
Gladstone Commercial stock traded up $0.47 during mid-day trading on Friday, hitting $19.71. The company’s stock had a trading volume of 118,762 shares, compared to its average volume of 121,596. The firm has a market capitalization of $546.13 million, a price-to-earnings ratio of 12.97, a PEG ratio of 1.96 and a beta of 0.71. 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 quick ratio of 13.78 and a current ratio of 13.78.
The company also recently declared a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date of this dividend is Monday, November 19th. Gladstone Commercial’s dividend payout ratio (DPR) is 98.68%.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in Gladstone Commercial during the second quarter worth $124,000. Citadel Advisors LLC lifted its stake in Gladstone Commercial by 44.2% during the second quarter. Citadel Advisors LLC now owns 200,165 shares of the real estate investment trust’s stock worth $3,846,000 after purchasing an additional 61,323 shares in the last quarter. Millennium Management LLC lifted its stake in Gladstone Commercial by 132.4% during the second quarter. Millennium Management LLC now owns 187,047 shares of the real estate investment trust’s stock worth $3,595,000 after purchasing an additional 106,572 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Gladstone Commercial by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 393,900 shares of the real estate investment trust’s stock valued at $6,830,000 after acquiring an additional 9,087 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of 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 in the last quarter. Institutional investors own 54.04% of the company’s stock.
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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