B. Riley Research Analysts Boost Earnings Estimates for GOOD

Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) - Stock analysts at B. Riley lifted their FY2024 EPS estimates for Gladstone Commercial in a report released on Thursday, November 14th. B. Riley analyst J. Massocca now forecasts that the real estate investment trust will post earnings per share of $1.43 for the year, up from their previous estimate of $1.40. 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 $1.40 per share. B. Riley also issued estimates for Gladstone Commercial's Q4 2024 earnings at $0.35 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.37 EPS, FY2025 earnings at $1.45 EPS and FY2026 earnings at $1.45 EPS.

Several other brokerages have also recently commented on GOOD. StockNews.com cut shares of Gladstone Commercial from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a "strong-buy" rating in a research note on Friday, October 4th.

Gladstone Commercial Price Performance

Shares of GOOD traded up $0.07 during trading hours on Friday, reaching $16.86. 198,202 shares of the stock traded hands, compared to its average volume of 243,678. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. Gladstone Commercial has a 52-week low of $11.89 and a 52-week high of $17.53. The company's 50-day moving average price is $16.17 and its two-hundred day moving average price is $15.06. The company has a market cap of $740.49 million, a P/E ratio of 84.30, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21.

Institutional Investors Weigh In On Gladstone Commercial

Several hedge funds have recently modified their holdings of GOOD. Los Angeles Capital Management LLC purchased a new stake in Gladstone Commercial during the third quarter valued at approximately $2,306,000. Charles Schwab Investment Management Inc. lifted its position in Gladstone Commercial by 36.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust's stock valued at $7,168,000 after acquiring an additional 117,988 shares during the last quarter. Freestone Capital Holdings LLC purchased a new stake in Gladstone Commercial during the first quarter valued at approximately $1,107,000. Martingale Asset Management L P purchased a new stake in Gladstone Commercial during the third quarter valued at approximately $947,000. Finally, 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 valued at $55,999,000 after acquiring an additional 53,802 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company's stock.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.20 annualized dividend and a yield of 7.12%. Gladstone Commercial's dividend payout ratio (DPR) is 600.00%.

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.