Equities research analysts expect Gladstone Commercial Co. (NASDAQ:GOOD) to announce $34.47 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Gladstone Commercial’s earnings, with the highest sales estimate coming in at $35.39 million and the lowest estimate coming in at $33.93 million. Gladstone Commercial posted sales of $33.53 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The company is scheduled to report its next earnings report on Monday, July 26th.
According to Zacks, analysts expect that Gladstone Commercial will report full year sales of $139.74 million for the current financial year, with estimates ranging from $137.17 million to $142.54 million. For the next fiscal year, analysts expect that the company will report sales of $150.12 million, with estimates ranging from $148.54 million to $151.02 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Sunday, May 9th. The real estate investment trust reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07). The company had revenue of $34.68 million during the quarter, compared to analysts’ expectations of $33.63 million. Gladstone Commercial had a net margin of 9.51% and a return on equity of 6.09%.
Shares of NASDAQ:GOOD traded down $0.13 during trading on Tuesday, hitting $22.58. 901 shares of the stock traded hands, compared to its average volume of 217,240. The company has a debt-to-equity ratio of 3.11, a quick ratio of 8.57 and a current ratio of 8.57. The stock has a market capitalization of $821.78 million, a P/E ratio of 1,135.50, a price-to-earnings-growth ratio of 2.02 and a beta of 1.02. The business’s fifty day simple moving average is $21.01. Gladstone Commercial has a 52-week low of $15.78 and a 52-week high of $22.95.
The company also recently declared a monthly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Friday, June 18th will be given a dividend of $0.1252 per share. The ex-dividend date of this dividend is Thursday, June 17th. This represents a $1.50 annualized dividend and a dividend yield of 6.65%. Gladstone Commercial’s payout ratio is 95.54%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Investment Consultants LLC raised its holdings in Gladstone Commercial by 3.9% in the 1st quarter. Integrated Investment Consultants LLC now owns 156,932 shares of the real estate investment trust’s stock valued at $3,070,000 after buying an additional 5,936 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Gladstone Commercial by 15.6% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,056 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 1,760 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Gladstone Commercial by 1.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 493,781 shares of the real estate investment trust’s stock worth $8,888,000 after buying an additional 5,667 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Gladstone Commercial by 20.0% during the fourth quarter. Advisory Services Network LLC now owns 10,648 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 1,773 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. grew its position in shares of Gladstone Commercial by 159.7% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 8,700 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 5,350 shares in the last quarter. Hedge funds and other institutional investors own 52.05% of the company’s stock.
Gladstone Commercial Company Profile
Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock.
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