Gladstone Commercial Co. (NASDAQ:GOOD) – Equities researchers at Boenning Scattergood lifted their Q2 2019 EPS estimates for Gladstone Commercial in a research note issued to investors on Wednesday, May 1st. Boenning Scattergood analyst M. Ross now anticipates that the real estate investment trust will post earnings of $0.46 per share for the quarter, up from their prior forecast of $0.40. Boenning Scattergood has a “Buy” rating and a $21.00 price objective on the stock. Boenning Scattergood also issued estimates for Gladstone Commercial’s Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $1.68 EPS.
A number of other research analysts also recently issued reports on GOOD. Zacks Investment Research downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. BidaskClub upgraded shares of Gladstone Commercial from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Finally, ValuEngine raised shares of Gladstone Commercial from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.63.
Shares of Gladstone Commercial stock traded up $0.25 during trading hours on Friday, reaching $21.72. The company’s stock had a trading volume of 121,266 shares, compared to its average volume of 118,311. The company has a debt-to-equity ratio of 2.14, a quick ratio of 15.32 and a current ratio of 14.94. Gladstone Commercial has a one year low of $16.89 and a one year high of $22.83. The company has a market cap of $659.25 million, a P/E ratio of 13.66, a PEG ratio of 2.67 and a beta of 0.91.
Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.34). Gladstone Commercial had a return on equity of 4.90% and a net margin of 11.41%. The business had revenue of $28.14 million during the quarter, compared to the consensus estimate of $27.69 million.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Albert D Mason Inc. boosted its stake in Gladstone Commercial by 0.9% during the first quarter. Albert D Mason Inc. now owns 63,687 shares of the real estate investment trust’s stock worth $1,323,000 after buying an additional 565 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Gladstone Commercial by 2.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 27,147 shares of the real estate investment trust’s stock valued at $486,000 after buying an additional 632 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Gladstone Commercial by 4.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 18,000 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 800 shares in the last quarter. Wedbush Securities Inc. increased its position in Gladstone Commercial by 5.2% during the 4th quarter. Wedbush Securities Inc. now owns 19,051 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 945 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Gladstone Commercial by 24.0% during the 4th quarter. Legal & General Group Plc now owns 5,012 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 971 shares in the last quarter. 51.60% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 22nd were given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend was Thursday, April 18th. Gladstone Commercial’s payout ratio is presently 94.34%.
Gladstone Commercial Company Profile
Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, investmen,t and ownership of net leased industrial, commercial, and retail real 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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