Wall Street analysts expect that Gladstone Commercial Co. (NASDAQ:GOOD) will report earnings of $0.41 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Gladstone Commercial’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.46. Gladstone Commercial reported earnings of $0.40 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The business is scheduled to announce its next quarterly earnings report on Monday, July 29th.

On average, analysts expect that Gladstone Commercial will report full-year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from $1.58 to $1.68. For the next financial year, analysts expect that the firm will post earnings of $1.66 per share, with EPS estimates ranging from $1.61 to $1.69. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Gladstone Commercial.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). Gladstone Commercial had a return on equity of 4.90% and a net margin of 11.41%. The firm had revenue of $28.14 million during the quarter, compared to analysts’ expectations of $27.69 million.

A number of equities analysts recently weighed in on GOOD shares. BidaskClub upgraded shares of Gladstone Commercial from a “buy” rating to a “strong-buy” rating in a report on Friday, February 22nd. Zacks Investment Research upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. ValuEngine upgraded shares of Gladstone Commercial from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Finally, Boenning Scattergood restated a “buy” rating and issued a $21.00 price objective on shares of Gladstone Commercial in a report on Thursday, February 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $21.63.

NASDAQ GOOD remained flat at $$21.07 during mid-day trading on Friday. 121,183 shares of the company were exchanged, compared to its average volume of 119,253. Gladstone Commercial has a 52 week low of $16.89 and a 52 week high of $22.83. The stock has a market cap of $638.23 million, a price-to-earnings ratio of 13.25, a P/E/G ratio of 2.62 and a beta of 0.91. The company has a debt-to-equity ratio of 2.14, a quick ratio of 14.94 and a current ratio of 14.94.

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $1.50 dividend on an annualized basis and a yield of 7.12%. Gladstone Commercial’s payout ratio is currently 94.34%.

A number of hedge funds and other institutional investors have recently made changes to their positions in GOOD. Wells Fargo & Company MN raised its stake in Gladstone Commercial by 39.0% during the 1st quarter. Wells Fargo & Company MN now owns 407,938 shares of the real estate investment trust’s stock valued at $8,473,000 after buying an additional 114,497 shares during the last quarter. Oxford Asset Management LLP raised its stake in Gladstone Commercial by 244.2% during the 1st quarter. Oxford Asset Management LLP now owns 138,395 shares of the real estate investment trust’s stock valued at $2,874,000 after buying an additional 98,190 shares during the last quarter. BlackRock Inc. raised its stake in Gladstone Commercial by 3.1% during the 4th quarter. BlackRock Inc. now owns 2,252,248 shares of the real estate investment trust’s stock valued at $40,361,000 after buying an additional 68,243 shares during the last quarter. Renaissance Technologies LLC raised its stake in Gladstone Commercial by 2.5% during the 1st quarter. Renaissance Technologies LLC now owns 2,501,700 shares of the real estate investment trust’s stock valued at $51,960,000 after buying an additional 60,800 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY raised its stake in Gladstone Commercial by 560.7% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 68,159 shares of the real estate investment trust’s stock valued at $1,165,000 after buying an additional 57,843 shares during the last quarter. Institutional investors own 55.07% 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 April 2019, Gladstone Commercial has paid 172 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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