Wall Street analysts predict that Gladstone Commercial Co. (NASDAQ:GOOD) will announce sales of $27.32 million for the current quarter, according to Zacks. Five analysts have made estimates for Gladstone Commercial’s earnings, with the highest sales estimate coming in at $27.70 million and the lowest estimate coming in at $27.14 million. Gladstone Commercial posted sales of $25.25 million in the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The company is expected to issue its next earnings results on Wednesday, February 13th.
On average, analysts expect that Gladstone Commercial will report full-year sales of $106.95 million for the current financial year, with estimates ranging from $106.68 million to $107.50 million. For the next fiscal year, analysts forecast that the business will report sales of $115.96 million, with estimates ranging from $112.01 million to $118.66 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Gladstone Commercial.
Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. Gladstone Commercial had a net margin of 7.96% and a return on equity of 3.26%. The business had revenue of $26.59 million during the quarter, compared to the consensus estimate of $26.86 million.
NASDAQ GOOD traded up $0.47 during mid-day trading on Friday, hitting $19.71. The company’s stock had a trading volume of 118,762 shares, compared to its average volume of 121,596. Gladstone Commercial has a twelve month low of $16.78 and a twelve month high of $23.29. The company has a current ratio of 13.78, a quick ratio of 13.78 and a debt-to-equity ratio of 2.19. The company has a market cap of $546.13 million, a P/E ratio of 12.97, a PEG ratio of 1.96 and a beta of 0.71.
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date is Monday, November 19th. Gladstone Commercial’s dividend payout ratio is 98.68%.
Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Gladstone Commercial during the 2nd quarter worth $124,000. Citadel Advisors LLC boosted its holdings in Gladstone Commercial by 44.2% during the 2nd quarter. Citadel Advisors LLC now owns 200,165 shares of the real estate investment trust’s stock worth $3,846,000 after acquiring an additional 61,323 shares during the last quarter. Millennium Management LLC boosted its holdings in Gladstone Commercial by 132.4% during the 2nd quarter. Millennium Management LLC now owns 187,047 shares of the real estate investment trust’s stock worth $3,595,000 after acquiring an additional 106,572 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Gladstone Commercial by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 393,900 shares of the real estate investment trust’s stock worth $6,830,000 after acquiring an additional 9,087 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Gladstone Commercial by 15.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 398,557 shares of the real estate investment trust’s stock worth $7,661,000 after acquiring an additional 54,265 shares during the last quarter. 54.04% of the stock is currently owned by hedge funds and other institutional investors.
About Gladstone Commercial
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 July 2018,Gladstone Commercial has paid 162 consecutive monthly cash distributions on its common stock.
Read More: Hedge Funds
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.