B. Riley Lifts Earnings Estimates for Gladstone Commercial

Gladstone Commercial Co. (NASDAQ:GOOD) – B. Riley upped their FY2024 earnings per share (EPS) estimates for shares of Gladstone Commercial in a research note issued on Thursday, November 14th. B. Riley analyst J. Massocca now expects that the real estate investment trust will post earnings per share of $1.43 for the year, up from their previous forecast of $1.40. 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 $1.40 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.

Other equities analysts have also recently issued reports about the stock. StockNews.com downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

Gladstone Commercial Stock Up 0.4 %

NASDAQ:GOOD opened at $16.86 on Friday. Gladstone Commercial has a twelve month low of $11.89 and a twelve month high of $17.53. The firm has a market capitalization of $740.49 million, a price-to-earnings ratio of 84.30, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10. The stock’s 50 day moving average price is $16.17 and its two-hundred day moving average price is $15.06.

Institutional Trading of Gladstone Commercial

A number of hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new position in Gladstone Commercial in the 3rd quarter valued at $2,306,000. Charles Schwab Investment Management Inc. grew its stake in shares of Gladstone Commercial by 36.5% in 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 in the last quarter. Freestone Capital Holdings LLC bought a new position in Gladstone Commercial during the first quarter worth about $1,107,000. Martingale Asset Management L P acquired a new stake in Gladstone Commercial in the 3rd quarter worth about $947,000. Finally, Vanguard Group Inc. boosted its holdings in Gladstone Commercial by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock valued at $55,999,000 after purchasing an additional 53,802 shares during the period. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial’s dividend payout ratio (DPR) is presently 600.00%.

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