Brokerages forecast that Gladstone Commercial Co. (NASDAQ:GOOD) will report earnings per share of $0.39 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Gladstone Commercial’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.40. Gladstone Commercial reported earnings of $0.38 per share during the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The business is scheduled to report its next earnings results on Tuesday, October 30th.
According to Zacks, 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 $1.61. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.64 per share, with EPS estimates ranging from $1.58 to $1.68. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Gladstone Commercial had a return on equity of 3.08% and a net margin of 7.85%.
GOOD opened at $18.81 on Wednesday. The company has a market capitalization of $525.41 million, a P/E ratio of 12.38, a PEG ratio of 1.92 and a beta of 0.81. The company has a debt-to-equity ratio of 2.16, a quick ratio of 6.93 and a current ratio of 6.93. Gladstone Commercial has a 1-year low of $16.78 and a 1-year high of $23.29.
The business also recently announced a monthly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, October 19th will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date is Thursday, October 18th. Gladstone Commercial’s dividend payout ratio (DPR) is presently 98.68%.
A number of large investors have recently made changes to their positions in GOOD. Millennium Management LLC grew its holdings in Gladstone Commercial by 132.4% during the 2nd quarter. Millennium Management LLC now owns 187,047 shares of the real estate investment trust’s stock valued at $3,595,000 after buying an additional 106,572 shares during the last quarter. Citadel Advisors LLC grew its holdings in Gladstone Commercial by 44.2% during the 2nd quarter. Citadel Advisors LLC now owns 200,165 shares of the real estate investment trust’s stock valued at $3,846,000 after buying an additional 61,323 shares during the last quarter. 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 buying an additional 54,265 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Gladstone Commercial during the 2nd quarter valued at $436,000. Finally, Northern Trust Corp grew its holdings in Gladstone Commercial by 6.3% during the 2nd quarter. Northern Trust Corp now owns 365,808 shares of the real estate investment trust’s stock valued at $7,031,000 after buying an additional 21,559 shares during the last quarter. Hedge funds and other institutional investors own 53.95% 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 July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.
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