Wall Street analysts expect Gladstone Commercial Co. (NASDAQ:GOOD) to post $24.23 million in sales 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 in the same quarter last year, which indicates a positive year over year growth rate of 10.1%. The firm is scheduled to announce its next earnings report on Wednesday, February 21st.
On average, analysts expect that Gladstone Commercial will report full year sales of $24.23 million for the current year, with estimates ranging from $92.01 million to $94.36 million. For the next year, analysts expect that the business will report sales of $103.03 million per share, with estimates ranging from $97.71 million to $108.35 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Gladstone Commercial.
A number of analysts recently issued reports on the company. BidaskClub downgraded Gladstone Commercial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial in a research report on Friday, December 1st. ValuEngine downgraded Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 20th. Zacks Investment Research downgraded Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, Janney Montgomery Scott initiated coverage on Gladstone Commercial in a research report on Friday, September 8th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.33.
Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of Gladstone Commercial by 99.6% during the second quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,511 shares in the last quarter. Bank of America Corp DE grew its position in shares of Gladstone Commercial by 44.0% during the first quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 3,918 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Gladstone Commercial by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 910 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new position in shares of Gladstone Commercial during the third quarter worth about $285,000. Finally, Voya Investment Management LLC grew its position in shares of Gladstone Commercial by 13.2% during the second quarter. Voya Investment Management LLC now owns 14,447 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 1,680 shares in the last quarter. 52.78% of the stock is owned by institutional investors and hedge funds.
Gladstone Commercial (GOOD) opened at $20.80 on Friday. Gladstone Commercial has a fifty-two week low of $19.04 and a fifty-two week 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 has a market capitalization of $576.55, a price-to-earnings ratio of 13.78, a PEG ratio of 2.27 and a beta of 0.86.
The business also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date of this dividend was Friday, November 17th. Gladstone Commercial’s dividend payout ratio is presently -5,000.00%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with MarketBeat.com's FREE daily email newsletter.