Equities research analysts expect Gladstone Commercial Co. (NASDAQ:GOOD) to report $0.39 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Gladstone Commercial’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.39. Gladstone Commercial reported earnings per share of $0.38 during the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The company is expected to issue its next earnings report on Tuesday, October 30th.
On average, analysts expect that Gladstone Commercial will report full year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.57 to $1.61. For the next financial year, analysts expect that the business will post earnings of $1.63 per share, with EPS estimates ranging from $1.56 to $1.68. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Monday, July 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.41). Gladstone Commercial had a net margin of 7.85% and a return on equity of 3.08%. The company had revenue of $26.59 million during the quarter, compared to the consensus estimate of $26.49 million.
A number of brokerages recently commented on GOOD. BidaskClub downgraded Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 14th. TheStreet upgraded Gladstone Commercial from a “d+” rating to a “c-” rating in a report on Tuesday, July 3rd. ValuEngine upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. DA Davidson restated a “buy” rating on shares of Gladstone Commercial in a report on Tuesday, July 31st. Finally, Boenning Scattergood began coverage on Gladstone Commercial in a report on Tuesday, July 10th. They set an “outperform” rating and a $21.00 target price for the company. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Gladstone Commercial presently has an average rating of “Hold” and an average price target of $21.13.
A number of institutional investors and hedge funds have recently bought and sold shares of GOOD. Meeder Asset Management Inc. purchased a new position in Gladstone Commercial in the first quarter worth about $101,000. First Republic Investment Management Inc. bought a new position in shares of Gladstone Commercial in the first quarter worth about $202,000. MetLife Investment Advisors LLC bought a new position in shares of Gladstone Commercial in the fourth quarter worth about $279,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Gladstone Commercial in the second quarter worth about $327,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Gladstone Commercial in the second quarter worth about $436,000. Institutional investors and hedge funds own 55.28% of the company’s stock.
GOOD stock traded up $0.14 during midday trading on Tuesday, hitting $19.70. The company had a trading volume of 77,789 shares, compared to its average volume of 94,120. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.99 and a current ratio of 6.93. Gladstone Commercial has a 52 week low of $16.78 and a 52 week high of $23.29. The company has a market capitalization of $560.66 million, a P/E ratio of 12.54, a PEG ratio of 2.05 and a beta of 0.82.
The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Friday, July 20th were issued a $0.125 dividend. The ex-dividend date was Thursday, July 19th. This represents a $1.50 dividend on an annualized basis and a yield of 7.61%. Gladstone Commercial’s dividend payout ratio (DPR) is 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 April 2018, Gladstone Commercial has paid 159 consecutive monthly cash distributions on its common stock.
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