Wall Street analysts expect Gladstone Commercial Co. (NASDAQ:GOOD) to report earnings per share (EPS) of $0.38 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Gladstone Commercial’s earnings, with estimates ranging from $0.38 to $0.39. Gladstone Commercial posted earnings per share of $0.40 in the same quarter last year, which indicates a negative year-over-year growth rate of 5%. The company is expected to issue its next 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 fiscal year, analysts anticipate that the business will report earnings of $1.62 per share, with EPS estimates ranging from $1.59 to $1.63. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Monday, February 15th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.20. Gladstone Commercial had a return on equity of 3.10% and a net margin of 5.05%. The firm had revenue of $32.87 million for the quarter, compared to analyst estimates of $33.53 million.
A number of institutional investors have recently made changes to their positions in GOOD. BlackRock Inc. boosted its holdings in Gladstone Commercial by 4.7% during the 4th quarter. BlackRock Inc. now owns 2,674,099 shares of the real estate investment trust’s stock valued at $48,135,000 after acquiring an additional 118,995 shares during the period. Bank of New York Mellon Corp boosted its holdings in Gladstone Commercial by 23.0% during the 4th quarter. Bank of New York Mellon Corp now owns 292,133 shares of the real estate investment trust’s stock valued at $5,258,000 after acquiring an additional 54,703 shares during the period. Wells Fargo & Company MN boosted its holdings in Gladstone Commercial by 12.9% during the 4th quarter. Wells Fargo & Company MN now owns 396,284 shares of the real estate investment trust’s stock valued at $7,134,000 after acquiring an additional 45,302 shares during the period. Sei Investments Co. purchased a new position in Gladstone Commercial during the 3rd quarter valued at about $713,000. Finally, ExodusPoint Capital Management LP boosted its holdings in 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 valued at $795,000 after acquiring an additional 36,643 shares during the period. Institutional investors own 55.16% of the company’s stock.
NASDAQ GOOD traded down $0.11 during mid-day trading on Wednesday, hitting $20.27. The stock had a trading volume of 138,370 shares, compared to its average volume of 229,447. The firm’s 50 day moving average is $19.76 and its 200 day moving average is $18.35. Gladstone Commercial has a twelve month low of $13.14 and a twelve month high of $20.95. The company has a debt-to-equity ratio of 3.29, a current ratio of 5.98 and a quick ratio of 5.98. The stock has a market capitalization of $737.28 million, a price-to-earnings ratio of -75.07 and a beta of 0.99.
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 31st. Investors of record on Thursday, March 18th were given a dividend of $0.1252 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date of this dividend was Wednesday, March 17th. Gladstone Commercial’s payout ratio is 94.94%.
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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