Brokerages expect Gladstone Commercial Co. (NASDAQ:GOOD) to announce earnings of $0.40 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Gladstone Commercial’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.39. Gladstone Commercial reported earnings per share of $0.38 in the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The company is scheduled to issue its next quarterly earnings results 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 anticipate that the firm will report earnings of $1.64 per share, with EPS estimates ranging from $1.58 to $1.68. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. The business had revenue of $26.59 million for the quarter, compared to analyst estimates of $26.86 million. Gladstone Commercial had a net margin of 7.96% and a return on equity of 3.26%.
Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Gladstone Commercial in the 2nd quarter worth approximately $124,000. Advisory Services Network LLC grew its stake in Gladstone Commercial by 380.4% in the 3rd quarter. Advisory Services Network LLC now owns 6,946 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 5,500 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Gladstone Commercial by 83.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 7,817 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 3,553 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Gladstone Commercial in the 3rd quarter worth approximately $171,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in Gladstone Commercial in the 3rd quarter worth approximately $264,000. 53.45% of the stock is owned by institutional investors and hedge funds.
Gladstone Commercial stock opened at $19.06 on Friday. 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 has a market cap of $551.63 million, a P/E ratio of 12.54, a PEG ratio of 1.98 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 business 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 $0.125 dividend. The ex-dividend date is Monday, November 19th. This represents a $1.50 dividend on an annualized basis and a yield of 7.87%. Gladstone Commercial’s dividend payout ratio 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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