Gladstone Commercial Co. (GOOD) Expected to Earn FY2017 Earnings of $1.53 Per Share

Gladstone Commercial Co. (NASDAQ:GOOD) – Stock analysts at B. Riley issued their FY2017 earnings estimates for Gladstone Commercial in a research note issued to investors on Thursday. B. Riley analyst D. Corak expects that the real estate investment trust will earn $1.53 per share for the year. B. Riley currently has a “Neutral” rating and a $19.00 target price on the stock. B. Riley also issued estimates for Gladstone Commercial’s Q4 2017 earnings at $0.39 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.61 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.41 EPS and FY2019 earnings at $1.64 EPS.

Other research analysts have also recently issued reports about the company. BidaskClub upgraded Gladstone Commercial from a “strong sell” rating to a “sell” rating in a research report on Saturday. ValuEngine lowered Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Zacks Investment Research lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Gladstone Commercial presently has a consensus rating of “Hold” and an average target price of $21.50.

Gladstone Commercial (NASDAQ:GOOD) opened at $18.03 on Monday. 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 has a market capitalization of $499.54, a P/E ratio of -601.00, a P/E/G ratio of 1.91 and a beta of 0.74. Gladstone Commercial has a 12-month low of $17.09 and a 12-month high of $23.35.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Monday, January 22nd were issued a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 8.32%. The ex-dividend date was Friday, January 19th. Gladstone Commercial’s payout ratio is currently -5,000.00%.

A number of institutional investors and hedge funds have recently modified their holdings of GOOD. Swiss National Bank grew its holdings in Gladstone Commercial by 10.3% in the second quarter. Swiss National Bank now owns 42,700 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 4,000 shares during the period. Alliancebernstein L.P. grew its holdings in Gladstone Commercial by 24.7% in the second quarter. Alliancebernstein L.P. now owns 25,020 shares of the real estate investment trust’s stock valued at $545,000 after purchasing an additional 4,950 shares during the period. Teachers Advisors LLC grew its holdings in Gladstone Commercial 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 purchasing an additional 226 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Gladstone Commercial by 5.0% in the second quarter. TIAA CREF Investment Management LLC now owns 66,541 shares of the real estate investment trust’s stock valued at $1,450,000 after purchasing an additional 3,194 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Gladstone Commercial by 15.4% in the second quarter. New York State Common Retirement Fund now owns 27,000 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 3,599 shares during the period. 52.84% of the stock is currently owned by institutional investors.

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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.

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

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