$24.23 Million in Sales Expected for Gladstone Commercial Co. (GOOD) This Quarter

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%.

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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.

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

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