Brokerages Expect Gladstone Commercial Co. (GOOD) to Post $0.40 Earnings Per Share

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Wall Street brokerages forecast that Gladstone Commercial Co. (NASDAQ:GOOD) will post earnings of $0.40 per share for the current quarter, Zacks reports. Four analysts have made estimates for Gladstone Commercial’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.41. Gladstone Commercial reported earnings of $0.38 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings results after the market closes 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 $1.59 to $1.61. For the next year, analysts forecast that the firm will report earnings of $1.63 per share, with EPS estimates ranging from $1.58 to $1.68. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Gladstone Commercial.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. Gladstone Commercial had a return on equity of 3.26% and a net margin of 7.96%. The firm had revenue of $26.59 million for the quarter, compared to the consensus estimate of $26.86 million.

Several research firms recently issued reports on GOOD. Boenning Scattergood set a $21.00 target price on Gladstone Commercial and gave the stock a “buy” rating in a research report on Wednesday, October 31st. ValuEngine upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. BidaskClub upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, Wedbush upgraded Gladstone Commercial from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $21.13.

NASDAQ GOOD opened at $19.95 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. Gladstone Commercial has a 52 week low of $16.78 and a 52 week high of $20.47. The stock has a market capitalization of $573.71 million, a PE ratio of 13.13, a P/E/G ratio of 2.02 and a beta of 0.73.

The firm also recently announced a monthly dividend, which will be paid on Friday, March 29th. Investors 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 7.52%. The ex-dividend date of this dividend is Tuesday, March 19th. Gladstone Commercial’s dividend payout ratio is currently 98.68%.

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Gladstone Commercial by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,939 shares of the real estate investment trust’s stock valued at $3,044,000 after buying an additional 11,368 shares in the last quarter. Advisory Services Network LLC grew its holdings in Gladstone Commercial by 380.4% during the 3rd quarter. Advisory Services Network LLC now owns 6,946 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 5,500 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Gladstone Commercial by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 2,934,305 shares of the real estate investment trust’s stock worth $56,192,000 after purchasing an additional 53,204 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Gladstone Commercial by 3.1% in the 3rd quarter. Wells Fargo & Company MN now owns 275,747 shares of the real estate investment trust’s stock worth $5,280,000 after purchasing an additional 8,317 shares during the period. Finally, Credit Suisse AG boosted its holdings in shares of Gladstone Commercial by 26.8% in the 3rd quarter. Credit Suisse AG now owns 43,813 shares of the real estate investment trust’s stock worth $839,000 after purchasing an additional 9,252 shares during the period. Hedge funds and other institutional investors own 54.09% 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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