Wall Street analysts predict that Gladstone Commercial Co. (NASDAQ:GOOD) will post $27.69 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Gladstone Commercial’s earnings. The highest sales estimate is $28.08 million and the lowest is $27.16 million. Gladstone Commercial posted sales of $26.35 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The firm is scheduled to announce its next earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that Gladstone Commercial will report full year sales of $115.14 million for the current year, with estimates ranging from $113.93 million to $116.56 million. For the next year, analysts forecast that the company will post sales of $125.06 million, with estimates ranging from $123.85 million to $126.52 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Gladstone Commercial.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.41). Gladstone Commercial had a return on equity of 4.87% and a net margin of 11.54%. The business had revenue of $27.26 million for the quarter, compared to analyst estimates of $27.18 million.

A number of analysts have weighed in on GOOD shares. ValuEngine upgraded Gladstone Commercial from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Zacks Investment Research upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. BidaskClub downgraded Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 28th. Finally, Boenning Scattergood reiterated a “buy” rating and set a $21.00 price target on shares of Gladstone Commercial in a report on Thursday, February 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.13.

Several institutional investors and hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new position in shares of Gladstone Commercial during the 4th quarter valued at $51,000. Legal & General Group Plc grew its position in Gladstone Commercial by 24.0% in the fourth quarter. Legal & General Group Plc now owns 5,012 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 971 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Gladstone Commercial by 13.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 9,185 shares of the real estate investment trust’s stock worth $158,000 after acquiring an additional 1,083 shares in the last quarter. Jane Street Group LLC purchased a new position in Gladstone Commercial in the fourth quarter worth $182,000. Finally, Metropolitan Life Insurance Co. NY grew its position in Gladstone Commercial by 192.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,316 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 6,794 shares in the last quarter. Institutional investors own 51.55% of the company’s stock.

Gladstone Commercial stock traded up $0.08 during trading hours on Wednesday, reaching $20.56. 71,873 shares of the company’s stock were exchanged, compared to its average volume of 146,010. The company has a current ratio of 15.32, a quick ratio of 15.32 and a debt-to-equity ratio of 2.22. Gladstone Commercial has a twelve month low of $16.81 and a twelve month high of $21.45. The company has a market cap of $621.57 million, a P/E ratio of 12.93, a PEG ratio of 2.53 and a beta of 0.91.

The company also recently announced a monthly dividend, which will be paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th will be paid a $0.125 dividend. The ex-dividend date is Tuesday, March 19th. This represents a $1.50 annualized dividend and a dividend yield of 7.30%. Gladstone Commercial’s dividend payout ratio is presently 94.34%.

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 January 2019, Gladstone Commercial has paid 168 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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