Equities research analysts predict that Gladstone Commercial Co. (NASDAQ:GOOD) will announce $26.86 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Gladstone Commercial’s earnings. The lowest sales estimate is $26.63 million and the highest is $27.00 million. Gladstone Commercial reported sales of $24.37 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.2%. The company is expected to announce its next quarterly earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that Gladstone Commercial will report full year sales of $107.41 million for the current financial year, with estimates ranging from $106.89 million to $107.88 million. For the next financial year, analysts forecast that the business will post sales of $116.33 million, with estimates ranging from $112.01 million to $119.76 million. Zacks’ sales averages are an average based on a survey of research firms that cover Gladstone Commercial.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings results on Monday, July 30th. The real estate investment trust reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.41). The company had revenue of $26.59 million during the quarter, compared to the consensus estimate of $26.49 million. Gladstone Commercial had a net margin of 7.85% and a return on equity of 3.08%.

A number of analysts have recently commented on GOOD shares. Boenning Scattergood started coverage on Gladstone Commercial in a research note on Tuesday, July 10th. They issued an “outperform” rating and a $21.00 price target for the company. ValuEngine raised Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. DA Davidson reaffirmed a “buy” rating on shares of Gladstone Commercial in a research note on Tuesday, July 31st. Zacks Investment Research cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Finally, TheStreet raised Gladstone Commercial from a “d+” rating to a “c-” rating in a research note on Tuesday, July 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.13.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Gladstone Commercial during the 2nd quarter worth approximately $124,000. Great West Life Assurance Co. Can increased its stake in Gladstone Commercial by 83.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 7,817 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 3,553 shares in the last quarter. First Republic Investment Management Inc. bought a new stake in Gladstone Commercial during the 1st quarter worth approximately $202,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Gladstone Commercial during the 2nd quarter worth approximately $327,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Gladstone Commercial during the 2nd quarter worth approximately $436,000. 53.96% of the stock is owned by institutional investors and hedge funds.

Shares of GOOD stock traded up $0.14 on Friday, reaching $18.92. The company had a trading volume of 54,000 shares, compared to its average volume of 126,344. The company has a debt-to-equity ratio of 2.16, a current ratio of 6.93 and a quick ratio of 6.93. The stock has a market cap of $543.46 million, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.80. Gladstone Commercial has a 12 month low of $16.78 and a 12 month high of $23.29.

The firm also recently announced a monthly dividend, which was paid on Friday, August 31st. Investors of record on Tuesday, August 21st were paid a dividend of $0.125 per share. The ex-dividend date was Monday, August 20th. This represents a $1.50 dividend on an annualized basis and a yield of 7.93%. Gladstone Commercial’s payout ratio is 98.68%.

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.

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Earnings History and Estimates for Gladstone Commercial (NASDAQ:GOOD)

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