Brokerages forecast that Gladstone Commercial Corporation (NASDAQ:GOOD) will report sales of $24.23 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Gladstone Commercial’s earnings, with the highest sales estimate coming in at $24.81 million and the lowest estimate coming in at $23.66 million. Gladstone Commercial reported sales of $22.01 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.1%. The company is expected to announce its next earnings results on Wednesday, February 21st.

On average, analysts expect that Gladstone Commercial will report full year sales of $24.23 million for the current fiscal year, with estimates ranging from $92.01 million to $94.36 million. For the next year, analysts expect that the business will post sales of $103.03 million per share, with estimates ranging from $97.71 million to $108.35 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Gladstone Commercial.

Several research analysts have recently issued reports on GOOD shares. Zacks Investment Research upgraded Gladstone Commercial from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, October 11th. Janney Montgomery Scott started coverage on Gladstone Commercial in a research note on Friday, September 8th. They issued a “buy” rating for the company. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Gladstone Commercial in a research note on Friday. ValuEngine cut Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 20th. Finally, BidaskClub upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.33.

Shares of Gladstone Commercial (NASDAQ:GOOD) opened at $22.78 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.78. Gladstone Commercial has a 12 month low of $18.17 and a 12 month high of $23.35. The company has a market capitalization of $631.14, a PE ratio of 15.09, a price-to-earnings-growth ratio of 2.49 and a beta of 0.88.

The business also recently declared a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 6.58%. The ex-dividend date of this dividend was Friday, November 17th. Gladstone Commercial’s dividend payout ratio is currently -3,750.00%.

A number of hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY raised its position in Gladstone Commercial by 0.3% during 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 in the last quarter. Teachers Advisors LLC raised its position in Gladstone Commercial by 0.5% during 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 in the last quarter. California Public Employees Retirement System raised its position in Gladstone Commercial by 1.0% during 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 in the last quarter. Nisa Investment Advisors LLC raised its position in Gladstone Commercial by 4.5% during 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 in the last quarter. Finally, Bessemer Group Inc. raised its position in Gladstone Commercial by 0.8% during 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 in the last quarter. Institutional investors own 52.81% of the company’s stock.

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Gladstone Commercial Company Profile

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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Earnings History and Estimates for Gladstone Commercial (NASDAQ:GOOD)

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