Gladstone Commercial (GOOD) Set to Announce Quarterly Earnings on Monday

Gladstone Commercial (NASDAQ:GOOD) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.37). Gladstone Commercial had a net margin of 7.90% and a return on equity of 7.34%. The firm had revenue of $37.06 million during the quarter, compared to analyst estimates of $35.89 million. During the same period in the prior year, the company earned $0.41 EPS. On average, analysts expect Gladstone Commercial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Gladstone Commercial Stock Performance

Gladstone Commercial stock opened at $15.95 on Monday. The business has a 50 day moving average of $15.73 and a 200-day moving average of $14.74. Gladstone Commercial has a 1 year low of $11.40 and a 1 year high of $16.61. The company has a debt-to-equity ratio of 4.95, a current ratio of 3.29 and a quick ratio of 3.29. The company has a market capitalization of $638.86 million, a P/E ratio of -83.95, a P/E/G ratio of 1.94 and a beta of 1.21.

Gladstone Commercial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 7.52%. The ex-dividend date is Friday, December 20th. Gladstone Commercial’s payout ratio is presently -631.58%.

Analysts Set New Price Targets

Several analysts recently commented on GOOD shares. B. Riley reiterated a “neutral” rating and issued a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th.

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.