Analysts Anticipate Gladstone Commercial Co. (GOOD) Will Post Earnings of $0.39 Per Share
Wall Street analysts expect Gladstone Commercial Co. (NASDAQ:GOOD) to report earnings per share (EPS) of $0.39 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Gladstone Commercial’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.39. Gladstone Commercial reported earnings of $0.38 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The business is scheduled to report its next earnings report on Wednesday, February 21st.
On average, analysts expect that Gladstone Commercial will report full-year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.52 to $1.53. For the next fiscal year, analysts expect that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.43 to $1.69. Zacks’ EPS averages are an average based on a survey of analysts that cover Gladstone Commercial.
Several analysts have recently issued reports on GOOD shares. Janney Montgomery Scott started coverage on Gladstone Commercial in a report on Friday, September 8th. They set a “buy” rating on the stock. Zacks Investment Research raised Gladstone Commercial from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, October 11th. ValuEngine lowered Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 20th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial in a research note on Friday, December 1st. Finally, BidaskClub lowered Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.67.
Shares of Gladstone Commercial (NASDAQ GOOD) opened at $20.39 on Friday. The stock has a market capitalization of $564.92, a price-to-earnings ratio of -509.75, a PEG ratio of 2.18 and a beta of 0.88. Gladstone Commercial has a 1-year low of $19.07 and a 1-year high of $23.35. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78.
The company also recently declared a monthly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th were paid a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date was Monday, December 18th. Gladstone Commercial’s payout ratio is -3,750.00%.
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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