Wall Street analysts expect Gladstone Commercial Co. (NASDAQ:GOOD) to announce $34.90 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Gladstone Commercial’s earnings, with estimates ranging from $34.71 million to $35.10 million. Gladstone Commercial reported sales of $33.14 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The firm is expected to issue its next quarterly earnings report on Thursday, November 4th.
On average, analysts expect that Gladstone Commercial will report full year sales of $138.90 million for the current fiscal year, with estimates ranging from $138.70 million to $139.10 million. For the next fiscal year, analysts forecast that the firm will post sales of $149.30 million, with estimates ranging from $147.10 million to $151.51 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Sunday, August 8th. The real estate investment trust reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.02). The company had revenue of $33.37 million for the quarter, compared to the consensus estimate of $34.47 million. Gladstone Commercial had a return on equity of 6.68% and a net margin of 10.40%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Evermay Wealth Management LLC bought a new stake in shares of Gladstone Commercial during the second quarter worth $95,000. Newbridge Financial Services Group Inc. raised its position in shares of Gladstone Commercial by 21.9% during the second quarter. Newbridge Financial Services Group Inc. now owns 5,623 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 1,012 shares during the last quarter. Pflug Koory LLC bought a new stake in shares of Gladstone Commercial during the second quarter worth $151,000. Daiwa Securities Group Inc. grew its stake in shares of Gladstone Commercial by 38.1% during the first quarter. Daiwa Securities Group Inc. now owns 9,054 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 2,500 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Gladstone Commercial during the second quarter worth $202,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.
Shares of Gladstone Commercial stock traded up $0.08 during midday trading on Wednesday, hitting $21.43. 145,065 shares of the company were exchanged, compared to its average volume of 195,142. The company has a debt-to-equity ratio of 3.22, a current ratio of 6.58 and a quick ratio of 6.58. The firm has a market cap of $787.55 million, a P/E ratio of 13.60, a PEG ratio of 2.32 and a beta of 1.01. Gladstone Commercial has a 52 week low of $15.78 and a 52 week high of $23.49. The firm has a 50 day simple moving average of $22.58 and a 200-day simple moving average of $21.66.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 22nd will be given a $0.1252 dividend. The ex-dividend date is Tuesday, September 21st. This represents a $1.50 annualized dividend and a yield of 7.01%. Gladstone Commercial’s payout ratio is 95.54%.
Gladstone Commercial Company Profile
Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. Its portfolio consists of single-tenant commercial and industrial real properties. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.
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