Wall Street analysts expect Gladstone Commercial Co. (NASDAQ:GOOD) to post earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Gladstone Commercial’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.39. Gladstone Commercial also posted earnings per share of $0.40 in the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Monday, July 29th.
On average, analysts expect that Gladstone Commercial will report full year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.58 to $1.63. For the next fiscal year, analysts anticipate that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.61 to $1.69. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.34). Gladstone Commercial had a return on equity of 4.90% and a net margin of 11.41%. The company had revenue of $28.14 million for the quarter, compared to analyst estimates of $27.69 million.
GOOD stock traded down $0.03 on Monday, hitting $21.45. 88,412 shares of the company were exchanged, compared to its average volume of 131,498. Gladstone Commercial has a twelve month low of $16.89 and a twelve month high of $22.83. The company has a debt-to-equity ratio of 2.14, a current ratio of 14.94 and a quick ratio of 14.94. The company has a fifty day simple moving average of $21.37. The firm has a market cap of $650.65 million, a PE ratio of 13.49, a price-to-earnings-growth ratio of 2.69 and a beta of 0.88.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be given a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.99%. The ex-dividend date is Tuesday, June 18th. Gladstone Commercial’s payout ratio is currently 94.34%.
Several institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in shares of Gladstone Commercial by 24.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,568 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 500 shares in the last quarter. Albert D Mason Inc. boosted its stake in shares of Gladstone Commercial by 0.9% in the first quarter. Albert D Mason Inc. now owns 63,687 shares of the real estate investment trust’s stock valued at $1,323,000 after purchasing an additional 565 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Gladstone Commercial by 2.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 27,147 shares of the real estate investment trust’s stock valued at $486,000 after purchasing an additional 632 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Gladstone Commercial by 4.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 18,000 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 800 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Gladstone Commercial by 24.0% in the fourth quarter. Legal & General Group Plc now owns 5,012 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 971 shares during the period. 54.94% of the stock is owned by institutional investors.
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 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.
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