Brokerages Expect Gladstone Commercial Corporation (GOOD) Will Post Earnings of $0.38 Per Share
Analysts predict that Gladstone Commercial Corporation (NASDAQ:GOOD) will post earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Gladstone Commercial Corporation’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.37. Gladstone Commercial Corporation posted earnings per share of ($0.10) during the same quarter last year, which would indicate a positive year over year growth rate of 480%. The company is expected to announce its next earnings results after the market closes on Tuesday, October 31st.
On average, analysts expect that Gladstone Commercial Corporation will report full year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.54. For the next financial year, analysts anticipate that the firm will post earnings of $1.61 per share, with EPS estimates ranging from $1.55 to $1.69. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Gladstone Commercial Corporation.
Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Gladstone Commercial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Janney Montgomery Scott initiated coverage on Gladstone Commercial Corporation in a report on Friday, September 8th. They issued a “buy” rating for the company. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial Corporation in a report on Thursday, August 17th. BidaskClub raised Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Canaccord Genuity reduced their target price on Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.33.
Gladstone Commercial Corporation (NASDAQ GOOD) traded up 0.18% during trading on Tuesday, hitting $22.14. 105,256 shares of the company traded hands. Gladstone Commercial Corporation has a 52-week low of $16.02 and a 52-week high of $23.35. The firm’s market cap is $611.99 million. The company’s 50-day moving average is $22.15 and its 200 day moving average is $21.50.
The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be issued a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Friday, November 17th. Gladstone Commercial Corporation’s dividend payout ratio (DPR) is currently -1,250.00%.
A number of institutional investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY lifted its holdings in Gladstone Commercial Corporation by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 16,717 shares of the real estate investment trust’s stock valued at $346,000 after acquiring an additional 51 shares during the period. Teachers Advisors LLC lifted its holdings in Gladstone Commercial Corporation by 0.5% in the second quarter. Teachers Advisors LLC now owns 48,485 shares of the real estate investment trust’s stock valued at $1,056,000 after acquiring an additional 226 shares during the period. California Public Employees Retirement System lifted its holdings in Gladstone Commercial Corporation by 1.0% in the first quarter. California Public Employees Retirement System now owns 31,500 shares of the real estate investment trust’s stock valued at $651,000 after acquiring an additional 300 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Gladstone Commercial Corporation by 4.5% in the second quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 350 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Gladstone Commercial Corporation by 0.8% in the second quarter. Bessemer Group Inc. now owns 52,500 shares of the real estate investment trust’s stock valued at $1,144,000 after acquiring an additional 400 shares during the period. 49.11% of the stock is owned by institutional investors.
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About Gladstone Commercial Corporation
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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