Analysts forecast that Gladstone Commercial Co. (NASDAQ:GOOD) will announce earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Gladstone Commercial’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.38. Gladstone Commercial posted earnings of ($0.01) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 4,000%. The business is scheduled to issue its next earnings results on Wednesday, February 21st.

On average, analysts expect that Gladstone Commercial will report full-year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.52 to $1.53. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $1.43 to $1.69. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Gladstone Commercial.

Several research analysts recently weighed in on the company. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Gladstone Commercial in a research report on Friday, December 1st. Zacks Investment Research lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine lowered Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 20th. BidaskClub lowered Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, Janney Montgomery Scott assumed coverage on Gladstone Commercial in a research report on Friday, September 8th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Gladstone Commercial presently has an average rating of “Hold” and an average target price of $23.33.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted 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 during the period. Bank of America Corp DE boosted 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 during the period. Goldman Sachs Group Inc. boosted 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 during the period. Virginia Retirement Systems ET AL purchased a new position in shares of Gladstone Commercial during the third quarter worth $285,000. Finally, Voya Investment Management LLC boosted 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 during the period. Institutional investors and hedge funds own 52.78% of the company’s stock.

Shares of Gladstone Commercial (NASDAQ GOOD) traded down $0.79 during trading on Wednesday, reaching $21.35. The company had a trading volume of 145,800 shares, compared to its average volume of 180,964. The stock has a market capitalization of $613.40, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 2.42 and a beta of 0.86. Gladstone Commercial has a 52 week low of $19.04 and a 52 week high of $23.35. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.78.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.50 annualized dividend and a yield of 7.03%. Gladstone Commercial’s payout ratio is -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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