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

Gladstone Commercial Co. (NASDAQ:GOODGet Rating) – Research analysts at B. Riley lowered their Q3 2022 earnings estimates for Gladstone Commercial in a research report issued to clients and investors on Monday, May 9th. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will post earnings per share of $0.38 for the quarter, down from their prior forecast of $0.42. B. Riley also issued estimates for Gladstone Commercial’s Q4 2022 earnings at $0.38 EPS.

Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday. StockNews.com began coverage on Gladstone Commercial in a research note on Thursday, March 31st. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $24.50.

NASDAQ GOOD opened at $18.79 on Wednesday. The business’s 50-day moving average price is $21.68 and its 200 day moving average price is $22.54. Gladstone Commercial has a twelve month low of $18.60 and a twelve month high of $26.13. The company has a market capitalization of $726.21 million, a PE ratio of -626.12, a price-to-earnings-growth ratio of 2.06 and a beta of 1.02. The company has a current ratio of 8.87, a quick ratio of 6.98 and a debt-to-equity ratio of 3.29.

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 22nd will be issued a dividend of $0.1254 per share. The ex-dividend date is Tuesday, June 21st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.01%. Gladstone Commercial’s dividend payout ratio is -4,998.33%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank boosted its position in Gladstone Commercial by 9.4% during the first quarter. Swiss National Bank now owns 88,100 shares of the real estate investment trust’s stock valued at $1,940,000 after purchasing an additional 7,600 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Gladstone Commercial during the first quarter valued at about $714,000. Hazlett Burt & Watson Inc. bought a new position in Gladstone Commercial during the first quarter valued at about $37,000. Greenspring Advisors LLC grew its stake in shares of Gladstone Commercial by 1.7% in the 1st quarter. Greenspring Advisors LLC now owns 38,252 shares of the real estate investment trust’s stock valued at $842,000 after purchasing an additional 655 shares during the period. Finally, Prospera Financial Services Inc bought a new stake in shares of Gladstone Commercial in the 1st quarter valued at approximately $33,000. 49.60% of the stock is owned by hedge funds and other institutional investors.

Gladstone Commercial Company Profile (Get Rating)

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 September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock.

Further Reading

Earnings History and Estimates for Gladstone Commercial (NASDAQ:GOOD)

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