Gladstone Commercial Co. (GOOD) Expected to Announce Earnings of $0.39 Per Share

Analysts expect that Gladstone Commercial Co. (NASDAQ:GOOD) will post earnings per share (EPS) of $0.39 for the current quarter, according to Zacks. Two analysts have provided estimates for Gladstone Commercial’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.38. Gladstone Commercial reported earnings of $0.38 per share during the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, February 14th.

According to Zacks, 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 financial year, analysts expect that the company will post earnings of $1.58 per share, with EPS estimates ranging from $1.43 to $1.69. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Gladstone Commercial.

Several equities analysts have recently issued reports on GOOD shares. BidaskClub lowered Gladstone Commercial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Gladstone Commercial from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Friday, January 12th. ValuEngine lowered Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 20th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Gladstone Commercial in a research report on Friday, December 1st. Finally, B. Riley started coverage on Gladstone Commercial in a research report on Thursday. They set a “neutral” rating and a $19.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.50.

Several large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its holdings in shares of Gladstone Commercial by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 48,485 shares of the real estate investment trust’s stock valued at $1,056,000 after purchasing an additional 226 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Gladstone Commercial by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,662 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 1,336 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Gladstone Commercial by 13.2% during the 2nd quarter. Voya Investment Management LLC now owns 14,447 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 1,680 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Gladstone Commercial by 0.9% during the 2nd quarter. Wells Fargo & Company MN now owns 242,927 shares of the real estate investment trust’s stock valued at $5,293,000 after purchasing an additional 2,237 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of Gladstone Commercial by 5.7% during the 3rd quarter. Strs Ohio now owns 41,661 shares of the real estate investment trust’s stock valued at $927,000 after purchasing an additional 2,261 shares in the last quarter. Institutional investors and hedge funds own 52.84% of the company’s stock.

Gladstone Commercial (NASDAQ GOOD) opened at $17.64 on Friday. The stock has a market capitalization of $488.73, a PE ratio of -441.00, a PEG ratio of 1.89 and a beta of 0.75. Gladstone Commercial has a 12-month low of $17.09 and a 12-month 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 firm also recently disclosed a monthly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, January 22nd were issued a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 8.50%. The ex-dividend date was Friday, January 19th. Gladstone Commercial’s dividend payout ratio (DPR) is presently -3,750.00%.

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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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