FY2019 EPS Estimates for Gladstone Commercial Co. Reduced by DA Davidson (NASDAQ:GOOD)

Gladstone Commercial Co. (NASDAQ:GOOD) – Research analysts at DA Davidson lowered their FY2019 earnings estimates for Gladstone Commercial in a report released on Wednesday, July 31st, according to Zacks Investment Research. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will earn $1.58 per share for the year, down from their prior estimate of $1.59.

Other research analysts also recently issued research reports about the stock. BidaskClub raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Zacks Investment Research downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, ValuEngine downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $22.50.

GOOD stock traded down $0.30 during trading on Thursday, hitting $21.91. The stock had a trading volume of 99,572 shares, compared to its average volume of 112,344. The company’s 50 day moving average price is $21.61 and its two-hundred day moving average price is $21.18. Gladstone Commercial has a 1-year low of $16.89 and a 1-year high of $22.83. The stock has a market cap of $688.60 million, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 2.82 and a beta of 0.83. The company has a debt-to-equity ratio of 2.18, a quick ratio of 10.81 and a current ratio of 10.81.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.42). Gladstone Commercial had a return on equity of 4.72% and a net margin of 10.97%. The business had revenue of $28.20 million during the quarter, compared to analysts’ expectations of $28.55 million.

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th will be paid a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date is Monday, August 19th. Gladstone Commercial’s dividend payout ratio is currently 94.34%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Gladstone Commercial by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 3,087,868 shares of the real estate investment trust’s stock valued at $65,526,000 after acquiring an additional 17,013 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Gladstone Commercial by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,562,300 shares of the real estate investment trust’s stock valued at $54,372,000 after acquiring an additional 60,600 shares during the last quarter. BlackRock Inc. increased its stake in shares of Gladstone Commercial by 4.1% during the 2nd quarter. BlackRock Inc. now owns 2,328,065 shares of the real estate investment trust’s stock valued at $49,403,000 after acquiring an additional 92,712 shares during the last quarter. Fiduciary Financial Services of The Southwest Inc. TX increased its stake in shares of Gladstone Commercial by 2.3% during the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 441,275 shares of the real estate investment trust’s stock valued at $9,364,000 after acquiring an additional 9,888 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Gladstone Commercial by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 433,606 shares of the real estate investment trust’s stock valued at $7,770,000 after acquiring an additional 28,054 shares during the last quarter. 54.88% of the stock is owned by institutional investors.

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 April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

Featured Article: What is the Quick Ratio?

Get a free copy of the Zacks research report on Gladstone Commercial (GOOD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with MarketBeat.com's FREE daily email newsletter.