B. Riley Boosts Earnings Estimates for Gladstone Commercial

Gladstone Commercial Co. (NASDAQ:GOOD) – Stock analysts at B. Riley increased their FY2024 earnings per share (EPS) estimates for Gladstone Commercial in a note issued to investors on Thursday, November 14th. B. Riley analyst J. Massocca now forecasts 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 has a “Neutral” rating and a $15.00 price target 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 research analysts have also recently issued reports about the stock. Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th. StockNews.com lowered 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 firm has a 50 day moving average of $16.17 and a 200-day moving average of $15.06. Gladstone Commercial has a 12 month low of $11.89 and a 12 month high of $17.53. 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 stock has a market capitalization of $740.49 million, a PE ratio of 84.30, a PEG ratio of 2.03 and a beta of 1.21.

Gladstone Commercial Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 7.12%. The ex-dividend date is Friday, December 20th. Gladstone Commercial’s payout ratio is 600.00%.

Institutional Investors Weigh In On Gladstone Commercial

Several hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Gladstone Commercial during the second quarter worth $33,000. Evermay Wealth Management LLC grew its position in shares of Gladstone Commercial by 82.4% in the 1st quarter. Evermay Wealth Management LLC now owns 7,690 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 3,475 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Gladstone Commercial in the first quarter valued at about $113,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Gladstone Commercial by 68.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 2,885 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Gladstone Commercial in the second quarter worth approximately $127,000. Institutional investors and hedge funds 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.