B. Riley Analysts Increase Earnings Estimates for Gladstone Commercial Co. (NASDAQ:GOOD)

Gladstone Commercial Co. (NASDAQ:GOOD) – Investment analysts at B. Riley raised their FY2024 earnings per share (EPS) estimates for shares of Gladstone Commercial in a report issued on Thursday, October 10th. B. Riley analyst J. Massocca now expects that the real estate investment trust will post earnings of $1.40 per share for the year, up from their prior forecast of $1.37. B. Riley currently has a “Neutral” rating and a $15.00 target price 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.

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 note on Wednesday, August 7th. Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

Gladstone Commercial Price Performance

Shares of NASDAQ GOOD opened at $16.31 on Monday. Gladstone Commercial has a fifty-two week low of $11.40 and a fifty-two week high of $16.43. 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 firm’s 50-day simple moving average is $15.46 and its 200 day simple moving average is $14.59. The stock has a market cap of $653.28 million, a price-to-earnings ratio of -85.84, a PEG ratio of 1.94 and a beta of 1.21.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data 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). Gladstone Commercial had a net margin of 7.90% and a return on equity of 7.34%. The company had revenue of $37.06 million for the quarter, compared to analyst estimates of $35.89 million. During the same quarter in the prior year, the company posted $0.41 EPS.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date is Friday, December 20th. Gladstone Commercial’s payout ratio is -631.58%.

Institutional Investors Weigh In On Gladstone Commercial

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Gladstone Commercial during the 3rd quarter worth approximately $226,000. The Manufacturers Life Insurance Company boosted its stake in shares of Gladstone Commercial by 12.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,039 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 1,795 shares during the period. MQS Management LLC bought a new position in shares of Gladstone Commercial in the second quarter worth approximately $252,000. Renaissance Technologies LLC increased 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 worth $20,122,000 after buying an additional 34,400 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Gladstone Commercial by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 567,878 shares of the real estate investment trust’s stock valued at $8,103,000 after buying an additional 14,452 shares during the last quarter. Institutional investors own 45.51% of the company’s stock.

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.