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Gladstone Commercial (GOOD) Rises Higher Than Market: Key Facts
ZACKS· 2024-10-11 23:07
Company Performance - Gladstone Commercial (GOOD) closed at $16.10, reflecting a +0.88% change from the previous day, outperforming the S&P 500's gain of 0.61% [1] - Over the past month, shares of Gladstone Commercial have increased by 1.53%, while the Finance sector has decreased by 4.31% and the S&P 500 has risen by 5.36% [1] Upcoming Earnings - The earnings report for Gladstone Commercial is scheduled for November 4, 2024, with expected earnings of $0.35 per share, indicating a year-over-year growth of 2.94% [2] - Revenue is anticipated to be $35.95 million, reflecting a 1.4% decline compared to the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $1.39 per share and revenue at $144.14 million, representing changes of -5.44% and -2.33% respectively from the previous year [3] - Recent adjustments to analyst estimates suggest a positive outlook for the company's business and profitability [3] Valuation Metrics - Gladstone Commercial has a Forward P/E ratio of 11.52, which is lower than the industry's average Forward P/E of 12.23 [6] - The company has a PEG ratio of 1.92, compared to the industry average PEG ratio of 2.34 [6] Industry Context - The REIT and Equity Trust - Other industry, which includes Gladstone Commercial, holds a Zacks Industry Rank of 96, placing it in the top 39% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Wall Street Analysts See Gladstone Commercial (GOOD) as a Buy: Should You Invest?
ZACKS· 2024-10-08 14:35
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Gladstone Commercial (GOOD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Gladstone Commercial currently has an average bro ...
Gladstone Commercial (GOOD) Flat As Market Gains: What You Should Know
ZACKS· 2024-10-04 23:05
Gladstone Commercial (GOOD) closed the most recent trading day at $16.05, making no change from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.9% for the day. On the other hand, the Dow registered a gain of 0.81%, and the technology-centric Nasdaq increased by 1.22%. Shares of the real estate investment trust have appreciated by 5.59% over the course of the past month, outperforming the Finance sector's gain of 0.34% and the S&P 500's gain of 3.15%. Analysts ...
Why Gladstone Commercial (GOOD) Outpaced the Stock Market Today
ZACKS· 2024-09-23 23:21
Company Performance - Gladstone Commercial (GOOD) closed at $15.90, reflecting a +0.7% increase compared to the previous day, outperforming the S&P 500's gain of 0.28% [1] - Over the past month, shares of Gladstone Commercial have appreciated by 6.98%, surpassing the Finance sector's gain of 3.08% and the S&P 500's gain of 2% [1] Earnings Expectations - Analysts expect Gladstone Commercial to report earnings of $0.35 per share, indicating a year-over-year growth of 2.94% [2] - The consensus estimate for quarterly revenue is $35.95 million, which represents a decline of 1.4% from the previous year [2] Full Year Projections - For the full year, earnings are projected at $1.39 per share and revenue at $144.14 million, reflecting changes of -5.44% and -2.33% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates for Gladstone Commercial are crucial as they often indicate shifts in near-term business trends [4] - Upward revisions in estimates suggest analysts' positive outlook on the company's operations and profit generation capabilities [4] Valuation Metrics - Gladstone Commercial is currently trading with a Forward P/E ratio of 11.4, which is below the industry's average Forward P/E of 13.16 [7] - The company has a PEG ratio of 1.9, compared to the industry average PEG ratio of 2.41 [7] Industry Context - The REIT and Equity Trust - Other industry, part of the Finance sector, holds a Zacks Industry Rank of 82, placing it in the top 33% of over 250 industries [8] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a favorable environment for Gladstone Commercial [8]
Gladstone Commercial (GOOD) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-09-10 23:00
The most recent trading session ended with Gladstone Commercial (GOOD) standing at $15.50, reflecting a +1.31% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.45% for the day. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.84%. Shares of the real estate investment trust witnessed a gain of 4.72% over the previous month, beating the performance of the Finance sector with its gain of 4.51% and the S&P 500's gain of 2.54%. The upc ...
Gladstone Commercial Grows Industrial Property Base With Acquisition
ZACKS· 2024-09-04 18:40
To expand its property base in targeted thriving markets, Gladstone Commercial Corporation (GOOD) recently announced the acquisition of a Class A industrial manufacturing, distribution and service facility spanning 50,102 square feet in Midland, TX, at a weighted GAAP capitalization rate of 9.94%. The latest buyout is in sync with GOOD's growth strategy of the acquisition of functional assets in strong industrial markets, which are leased to tenants with solid credit profiles. Gladstone Commercial purchased ...
Gladstone Commercial (GOOD) Renews Lease With Morgan Stanley
ZACKS· 2024-08-21 16:45
Core Insights - Gladstone Commercial Corporation (GOOD) is experiencing strong demand for its properties, highlighted by a recent five-year lease renewal with Morgan Stanley for 72,301 square feet in Columbus, OH, securing cash flows until December 31, 2030 [1][2] - The company has achieved a robust occupancy rate of 98.5% as of June 30, 2024, and collected 100% of cash rents during the second quarter of 2024, indicating a solid tenant base and effective management [2] - Gladstone Commercial is actively engaging in capital recycling, recently selling two medical office properties in Atlanta at a cap rate of 5.97%, realizing a leveraged internal rate of return of approximately 13.2% [3] - The company is focusing on acquiring high-quality industrial assets, exemplified by a recent purchase of a 142,125-square-foot facility in Warfordsburg, PA, for $11.7 million at a GAAP capitalization rate of 12.3% [4] - Over the past six months, GOOD's shares have increased by 16.4%, outperforming the industry average increase of 8.9% [5]
Gladstone Commercial Series E Preferred: We're Still Glad
Seeking Alpha· 2024-08-19 15:07
owngarden/E+ via Getty Images Series E Secies G Series F Summary In February, we published a report on Gladstone Commercial (GOOD) in which we analyzed its common and preferred shares. Given their highly attractive yield-to-call ("YTC") and seniority relative to the common, we found the Series E preferred (NASDAQ:GOODN) the most attractive of the lot. In this report, we provide our updated views on the Secies E. With the shares up ~8% since our initial report and GOOD's recent capital-maising activities, we ...
Is Trending Stock Gladstone Commercial Corporation (GOOD) a Buy Now?
ZACKS· 2024-08-02 14:01
Gladstone Commercial (GOOD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this real estate investment trust have returned +4.4%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks REIT and Equity Trust - Other industry, which Gladstone Commercial falls in, has gained 10.9%. The key question now is: What could b ...
Gladstone Commercial (GOOD) Declines More Than Market: Some Information for Investors
ZACKS· 2024-07-18 23:21
The the stock of real estate investment trust has risen by 5.61% in the past month, leading the Finance sector's loss of 0.59% and the S&P 500's gain of 2.14%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.36 per share and a revenue of $144.14 million, indicating changes of -7.48% and -2.33%, respectively, from the former year. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with # ...