Gladstone Commercial (NASDAQ:GOOD) Announces Earnings Results, Misses Estimates By $0.31 EPS

Gladstone Commercial (NASDAQ:GOOD) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.31), FiscalAI reports. Gladstone Commercial had a return on equity of 11.77% and a net margin of 13.59%.The firm had revenue of $43.46 million for the quarter, compared to the consensus estimate of $41.23 million.

Gladstone Commercial Price Performance

Shares of NASDAQ:GOOD traded up $0.65 during trading on Thursday, hitting $12.09. 181,767 shares of the company were exchanged, compared to its average volume of 449,984. Gladstone Commercial has a 1-year low of $10.33 and a 1-year high of $16.40. The company has a market capitalization of $584.91 million, a P/E ratio of 67.13 and a beta of 1.11. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 4.58. The business’s 50 day moving average is $11.21 and its 200-day moving average is $11.75.

Gladstone Commercial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 9.9%. Gladstone Commercial’s dividend payout ratio is 666.67%.

Institutional Trading of Gladstone Commercial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in Gladstone Commercial by 211.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 521,090 shares of the real estate investment trust’s stock valued at $5,560,000 after buying an additional 353,525 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Gladstone Commercial by 56.7% during the third quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock valued at $10,150,000 after acquiring an additional 298,114 shares during the last quarter. Invesco Ltd. raised its stake in shares of Gladstone Commercial by 33.6% during the third quarter. Invesco Ltd. now owns 928,241 shares of the real estate investment trust’s stock valued at $11,436,000 after acquiring an additional 233,493 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Gladstone Commercial by 525.8% during the first quarter. Millennium Management LLC now owns 256,182 shares of the real estate investment trust’s stock worth $3,838,000 after purchasing an additional 215,245 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Gladstone Commercial by 113.0% in the second quarter. AQR Capital Management LLC now owns 257,948 shares of the real estate investment trust’s stock worth $3,696,000 after purchasing an additional 136,823 shares during the last quarter. 45.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gladstone Commercial in a report on Monday, December 29th. Zacks Research upgraded shares of Gladstone Commercial from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. B. Riley Financial restated a “neutral” rating and set a $11.00 target price (down from $12.00) on shares of Gladstone Commercial in a research note on Monday, November 24th. Finally, Loop Capital set a $13.00 price target on Gladstone Commercial in a research note on Wednesday, November 5th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Gladstone Commercial has an average rating of “Hold” and an average price target of $12.00.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.