Analysts expect Gladstone Commercial Co. (NASDAQ:GOOD) to report sales of $25.57 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Gladstone Commercial’s earnings, with the highest sales estimate coming in at $25.98 million and the lowest estimate coming in at $25.16 million. Gladstone Commercial reported sales of $22.31 million in the same quarter last year, which indicates a positive year over year growth rate of 14.6%. The firm is expected to issue its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Gladstone Commercial will report full year sales of $25.57 million for the current fiscal year, with estimates ranging from $101.28 million to $109.41 million. For the next year, analysts anticipate that the firm will report sales of $113.60 million per share, with estimates ranging from $103.20 million to $123.99 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.54). The business had revenue of $25.25 million during the quarter, compared to the consensus estimate of $24.24 million. Gladstone Commercial had a return on equity of 2.36% and a net margin of 6.26%.
In other Gladstone Commercial news, CEO David Gladstone purchased 17,000 shares of Gladstone Commercial stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average cost of $17.50 per share, with a total value of $297,500.00. Following the completion of the transaction, the chief executive officer now owns 466,564 shares in the company, valued at approximately $8,164,870. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have bought 21,200 shares of company stock worth $373,196. Insiders own 2.21% of the company’s stock.
Several hedge funds have recently modified their holdings of GOOD. QS Investors LLC acquired a new position in shares of Gladstone Commercial in the 4th quarter valued at $133,000. Teacher Retirement System of Texas acquired a new position in shares of Gladstone Commercial in the 4th quarter valued at $201,000. CAPROCK Group Inc. acquired a new position in shares of Gladstone Commercial in the 4th quarter valued at $202,000. Virginia Retirement Systems ET AL acquired a new position in shares of Gladstone Commercial in the 3rd quarter valued at $285,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Gladstone Commercial in the 4th quarter valued at $279,000. 53.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Gladstone Commercial stock traded down $0.25 during trading hours on Friday, reaching $18.05. 48,566 shares of the company were exchanged, compared to its average volume of 192,883. The company has a market capitalization of $520.09, a P/E ratio of -107.64, a price-to-earnings-growth ratio of 1.92 and a beta of 0.83. Gladstone Commercial has a 52 week low of $16.78 and a 52 week high of $23.35. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.96.
The firm also recently declared a monthly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date is Monday, March 19th. Gladstone Commercial’s payout ratio is presently -882.30%.
About Gladstone Commercial
Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.
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