Gladstone Commercial Co. (NASDAQ:GOOD) – Investment analysts at Wedbush reduced their Q1 2019 earnings estimates for Gladstone Commercial in a research report issued to clients and investors on Wednesday, November 7th. Wedbush analyst H. Coffey now expects that the real estate investment trust will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.41. Wedbush currently has a “Outperform” rating on the stock. Wedbush also issued estimates for Gladstone Commercial’s Q3 2019 earnings at $0.42 EPS and Q4 2019 earnings at $0.43 EPS.
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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Gladstone Commercial had a return on equity of 3.26% and a net margin of 7.96%. The business had revenue of $26.59 million for the quarter, compared to the consensus estimate of $26.86 million.
Shares of NASDAQ:GOOD opened at $19.39 on Friday. Gladstone Commercial has a 52-week low of $16.78 and a 52-week high of $23.29. The firm has a market capitalization of $571.34 million, a PE ratio of 12.48, a P/E/G ratio of 2.05 and a beta of 0.71. The company has a current ratio of 13.78, a quick ratio of 13.78 and a debt-to-equity ratio of 2.19.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Gladstone Commercial during the second quarter worth about $124,000. Citadel Advisors LLC increased 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 acquiring an additional 61,323 shares during the last quarter. Millennium Management LLC increased 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 acquiring an additional 106,572 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Gladstone Commercial by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 393,900 shares of the real estate investment trust’s stock worth $6,830,000 after acquiring an additional 9,087 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Gladstone Commercial by 15.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 398,557 shares of the real estate investment trust’s stock worth $7,661,000 after acquiring an additional 54,265 shares during the last quarter. Hedge funds and other institutional investors own 54.04% of the company’s stock.
The firm also recently announced a monthly dividend, which will be paid on Friday, November 30th. Investors of record on Tuesday, November 20th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $1.50 annualized dividend and a yield of 7.74%. Gladstone Commercial’s dividend payout ratio (DPR) is presently 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 July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.
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