Wall Street analysts expect Gladstone Commercial Co. (NASDAQ:GOOD) to post $0.40 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Gladstone Commercial’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.39. Gladstone Commercial also reported earnings of $0.40 per share during the same quarter last year. The business is scheduled to issue its next earnings results after the market closes on Tuesday, April 30th.
On average, analysts expect that Gladstone Commercial will report full year earnings of $1.62 per share for the current financial year, with EPS estimates ranging from $1.59 to $1.66. For the next financial year, analysts forecast that the firm will report earnings of $1.67 per share, with EPS estimates ranging from $1.59 to $1.71. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.41). Gladstone Commercial had a return on equity of 4.87% and a net margin of 11.54%. The firm had revenue of $27.26 million for the quarter, compared to analyst estimates of $27.18 million.
Shares of GOOD traded down $0.04 during trading hours on Wednesday, hitting $20.93. 2,002 shares of the stock were exchanged, compared to its average volume of 110,243. Gladstone Commercial has a fifty-two week low of $16.89 and a fifty-two week high of $21.45. The company has a quick ratio of 15.32, a current ratio of 15.32 and a debt-to-equity ratio of 2.22. The stock has a market cap of $636.44 million, a PE ratio of 13.16, a price-to-earnings-growth ratio of 2.60 and a beta of 0.90.
The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 22nd will be issued a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend is Thursday, April 18th. Gladstone Commercial’s payout ratio is 94.34%.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Gladstone Commercial by 1.8% during the third quarter. Vanguard Group Inc. now owns 2,934,305 shares of the real estate investment trust’s stock valued at $56,192,000 after purchasing an additional 53,204 shares during the last quarter. Vanguard Group Inc grew its holdings in 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 valued at $56,192,000 after buying an additional 53,204 shares in the last quarter. BlackRock Inc. grew its holdings in Gladstone Commercial by 3.1% in the 4th quarter. BlackRock Inc. now owns 2,252,248 shares of the real estate investment trust’s stock valued at $40,361,000 after buying an additional 68,243 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Gladstone Commercial by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 433,606 shares of the real estate investment trust’s stock valued at $7,770,000 after buying an additional 28,054 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Gladstone Commercial by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 366,675 shares of the real estate investment trust’s stock valued at $6,570,000 after buying an additional 16,626 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.
Gladstone Commercial Company Profile
Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, investmen,t and ownership of net leased industrial, commercial, and retail real properties. Its portfolio consists of single-tenant commercial and industrial real properties. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.
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