Equities analysts expect that Gladstone Commercial Co. (NASDAQ:GOOD) will post $0.38 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Gladstone Commercial’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.39. Gladstone Commercial posted earnings per share of $0.40 during the same quarter last year, which suggests a negative year over year growth rate of 5%. The business is expected to report its next quarterly earnings report on Tuesday, April 27th.
On average, analysts expect that Gladstone Commercial will report full-year earnings of $1.56 per share for the current financial year, with EPS estimates ranging from $1.53 to $1.60. For the next year, analysts forecast that the company will report earnings of $1.62 per share, with EPS estimates ranging from $1.59 to $1.63. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Monday, February 15th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.20. The company had revenue of $32.87 million for the quarter, compared to analyst estimates of $33.53 million. Gladstone Commercial had a return on equity of 3.10% and a net margin of 5.05%.
Shares of GOOD stock opened at $20.75 on Wednesday. The stock’s fifty day moving average is $19.82 and its two-hundred day moving average is $18.39. The company has a debt-to-equity ratio of 3.29, a quick ratio of 5.98 and a current ratio of 5.98. The firm has a market capitalization of $754.74 million, a P/E ratio of -76.85 and a beta of 0.99. Gladstone Commercial has a fifty-two week low of $13.14 and a fifty-two week high of $20.95.
The business also recently announced a monthly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Friday, June 18th will be paid a $0.1252 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.24%. The ex-dividend date of this dividend is Thursday, June 17th. Gladstone Commercial’s dividend payout ratio (DPR) is presently 94.94%.
Several institutional investors and hedge funds have recently modified their holdings of GOOD. UBS Asset Management Americas Inc. increased its stake in shares of Gladstone Commercial by 5.3% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 29,438 shares of the real estate investment trust’s stock worth $496,000 after acquiring an additional 1,474 shares during the last quarter. ExodusPoint Capital Management LP increased its position in shares of Gladstone Commercial by 347.0% during the 3rd quarter. ExodusPoint Capital Management LP now owns 47,203 shares of the real estate investment trust’s stock worth $795,000 after purchasing an additional 36,643 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Gladstone Commercial during the 3rd quarter worth about $198,000. California State Teachers Retirement System increased its position in shares of Gladstone Commercial by 3.0% during the 3rd quarter. California State Teachers Retirement System now owns 50,859 shares of the real estate investment trust’s stock worth $857,000 after purchasing an additional 1,477 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Gladstone Commercial by 19.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 7,982 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 1,321 shares during the last quarter. 55.16% of the stock is owned by institutional investors and hedge funds.
Gladstone Commercial Company Profile
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 September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock.
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