Gladstone Commercial (NASDAQ:GOOD) will announce its earnings results after the market closes on Tuesday, October 30th. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Monday, July 30th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.41). The company had revenue of $26.59 million for the quarter, compared to analyst estimates of $26.49 million. Gladstone Commercial had a return on equity of 3.08% and a net margin of 7.85%. On average, analysts expect Gladstone Commercial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NASDAQ:GOOD opened at $18.39 on Tuesday. The company has a market cap of $529.42 million, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.93 and a beta of 0.81. Gladstone Commercial has a twelve month low of $16.78 and a twelve month high of $23.29. The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 2.16.
The business also recently declared a monthly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, October 19th will be given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 8.16%. The ex-dividend date is Thursday, October 18th. Gladstone Commercial’s dividend payout ratio (DPR) is 98.68%.
Several research analysts have weighed in on GOOD shares. BidaskClub lowered Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Saturday, September 1st. DA Davidson reaffirmed a “buy” rating on shares of Gladstone Commercial in a research report on Tuesday, July 31st. Boenning Scattergood set a $21.00 price target on Gladstone Commercial and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, Wedbush lowered Gladstone Commercial from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.13.
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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