Equities research analysts expect Gladstone Commercial Co. (NASDAQ:GOOD – Get Rating) to post earnings per share (EPS) of $0.38 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Gladstone Commercial’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.38. Gladstone Commercial posted earnings of $0.37 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The business is expected to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Gladstone Commercial will report full-year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.65. For the next fiscal year, analysts forecast that the firm will post earnings of $1.58 per share, with EPS estimates ranging from $1.49 to $1.66. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD – Get Rating) last released its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.39). Gladstone Commercial had a return on equity of 6.37% and a net margin of 9.46%. The firm had revenue of $35.53 million during the quarter, compared to analysts’ expectations of $37.08 million.
A number of equities analysts have recently commented on GOOD shares. B. Riley cut their price target on Gladstone Commercial from $25.00 to $23.00 in a report on Monday, May 9th. StockNews.com initiated coverage on Gladstone Commercial in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research lowered Gladstone Commercial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.50.
Gladstone Commercial stock opened at $20.33 on Thursday. Gladstone Commercial has a one year low of $18.23 and a one year high of $26.13. The business has a fifty day moving average price of $21.07 and a 200-day moving average price of $22.24. The company has a debt-to-equity ratio of 3.29, a current ratio of 8.87 and a quick ratio of 8.87. The firm has a market capitalization of $785.75 million, a P/E ratio of -677.44, a PEG ratio of 2.17 and a beta of 1.03.
The company also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 22nd will be paid a dividend of $0.1254 per share. This represents a $1.50 annualized dividend and a yield of 7.40%. The ex-dividend date of this dividend is Tuesday, June 21st. Gladstone Commercial’s dividend payout ratio (DPR) is currently -4,998.33%.
A number of hedge funds have recently modified their holdings of GOOD. Bogart Wealth LLC purchased a new position in shares of Gladstone Commercial in the first quarter worth about $26,000. Lazard Asset Management LLC purchased a new position in shares of Gladstone Commercial in the first quarter worth about $30,000. Prospera Financial Services Inc purchased a new position in shares of Gladstone Commercial in the first quarter worth about $33,000. Wilen Investment Management CORP. purchased a new position in shares of Gladstone Commercial in the fourth quarter worth about $37,000. Finally, Federated Hermes Inc. purchased a new position in shares of Gladstone Commercial in the first quarter worth about $37,000. 49.60% of the stock is owned by hedge funds and other institutional investors.
About Gladstone Commercial (Get Rating)
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 September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock.
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