B. Riley Brokers Increase Earnings Estimates for 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, November 14th. B. Riley analyst J. Massocca now expects that the real estate investment trust will post earnings of $1.43 per share for the year, up from their prior 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.

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

Gladstone Commercial Price Performance

Shares of NASDAQ GOOD opened at $16.86 on Friday. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. The firm’s 50-day moving average price is $16.20 and its 200-day moving average price is $15.08. The firm has a market capitalization of $740.47 million, a P/E ratio of 84.30, a P/E/G ratio of 2.03 and a beta of 1.21. Gladstone Commercial has a 1-year low of $11.89 and a 1-year high of $17.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new stake in Gladstone Commercial during the 3rd quarter valued at about $2,306,000. Charles Schwab Investment Management Inc. lifted its position in 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 purchasing an additional 117,988 shares during the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Gladstone Commercial in the first quarter worth approximately $1,107,000. Martingale Asset Management L P purchased a new position in shares of Gladstone Commercial in the third quarter worth $947,000. Finally, Vanguard Group Inc. raised its holdings in Gladstone Commercial by 1.3% during 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 buying an additional 53,802 shares during the last quarter. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Dividend Announcement

The firm 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 dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.12%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial’s dividend payout ratio is currently 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.