FY2024 EPS Estimates for Gladstone Commercial Co. Lifted by Analyst (NASDAQ:GOOD)

Gladstone Commercial Co. (NASDAQ:GOOD) – Equities research analysts at B. Riley boosted their FY2024 EPS estimates for Gladstone Commercial in a report issued on Thursday, October 10th. B. Riley analyst J. Massocca now forecasts that the real estate investment trust will post earnings of $1.40 per share for the year, up from their previous forecast of $1.37. B. Riley has a “Neutral” rating and a $15.00 price objective on the stock. The consensus estimate for Gladstone Commercial’s current full-year earnings is $1.38 per share. B. Riley also issued estimates for Gladstone Commercial’s Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $1.42 EPS.

Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.37). The company had revenue of $37.06 million for the quarter, compared to analysts’ expectations of $35.89 million. Gladstone Commercial had a return on equity of 7.34% and a net margin of 7.90%. During the same period in the prior year, the firm posted $0.41 EPS.

Several other equities research analysts have also commented on GOOD. StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

Gladstone Commercial Stock Up 0.9 %

Shares of GOOD opened at $16.10 on Monday. Gladstone Commercial has a 1 year low of $11.40 and a 1 year high of $16.43. The company’s 50-day simple moving average is $15.38 and its 200-day simple moving average is $14.55. The company has a debt-to-equity ratio of 4.95, a quick ratio of 3.29 and a current ratio of 3.29. The stock has a market capitalization of $644.87 million, a PE ratio of -84.74, a P/E/G ratio of 1.94 and a beta of 1.21.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Freestone Capital Holdings LLC purchased a new position in Gladstone Commercial in the 1st quarter worth approximately $1,107,000. GSA Capital Partners LLP grew its holdings in Gladstone Commercial by 436.0% in the first quarter. GSA Capital Partners LLP now owns 94,043 shares of the real estate investment trust’s stock valued at $1,302,000 after purchasing an additional 76,499 shares during the period. Vanguard Group Inc. lifted its position in Gladstone Commercial by 1.3% during the first quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock worth $55,999,000 after buying an additional 53,802 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Gladstone Commercial by 2.5% in the second quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock valued at $20,122,000 after buying an additional 34,400 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Gladstone Commercial by 13.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 160,270 shares of the real estate investment trust’s stock worth $2,218,000 after purchasing an additional 18,587 shares during the last quarter. Institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.20 annualized dividend and a yield of 7.45%. Gladstone Commercial’s payout ratio is currently -631.58%.

Gladstone Commercial Company Profile

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 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.