Analysts Expect Gladstone Commercial Co. (GOOD) to Post $0.40 EPS

Brokerages expect that Gladstone Commercial Co. (NASDAQ:GOOD) will post earnings of $0.40 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Gladstone Commercial’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.39. Gladstone Commercial reported earnings of $0.38 per share during the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The company is scheduled to issue its next quarterly earnings report 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 financial year, with EPS estimates ranging from $1.60 to $1.61. For the next year, analysts expect that the firm will report earnings of $1.65 per share, with EPS estimates ranging from $1.62 to $1.68. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The company had revenue of $26.59 million for the quarter, compared to analysts’ expectations of $26.86 million. Gladstone Commercial had a return on equity of 3.26% and a net margin of 7.96%.

Several analysts have commented on GOOD shares. Zacks Investment Research lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. BidaskClub raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Wedbush upgraded shares of Gladstone Commercial from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 7th. ValuEngine cut shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Boenning Scattergood set a $21.00 target price on shares of Gladstone Commercial and gave the company a “buy” rating in a research note on Wednesday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $21.13.

Shares of GOOD opened at $19.59 on Tuesday. The company has a quick ratio of 13.78, a current ratio of 13.78 and a debt-to-equity ratio of 2.19. Gladstone Commercial has a one year low of $16.78 and a one year high of $20.47. The stock has a market capitalization of $564.68 million, a price-to-earnings ratio of 12.89, a P/E/G ratio of 1.97 and a beta of 0.73.

The firm also recently announced a monthly dividend, which will be paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th will be given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.66%. The ex-dividend date is Tuesday, March 19th. Gladstone Commercial’s dividend payout ratio is 98.68%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Gladstone Commercial during the 2nd quarter valued at about $124,000. Schwab Charles Investment Management Inc. grew its holdings in Gladstone Commercial by 15.8% during the 2nd 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 purchasing an additional 54,265 shares during the last quarter. GSA Capital Partners LLP grew its holdings in Gladstone Commercial by 96.1% during the 2nd quarter. GSA Capital Partners LLP now owns 38,174 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 18,711 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Gladstone Commercial by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 397,402 shares of the real estate investment trust’s stock valued at $7,638,000 after purchasing an additional 3,502 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Gladstone Commercial by 83.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 7,817 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 3,553 shares during the last quarter. Hedge funds and other institutional investors own 54.07% 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 October 2018, Gladstone Commercial has paid 165 consecutive monthly cash distributions on its common stock.

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Earnings History and Estimates for Gladstone Commercial (NASDAQ:GOOD)

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