Gladstone Commercial Corp. Plans Monthly Dividend of $0.13 (GOOD)
Gladstone Commercial Corp. (NASDAQ:GOOD) announced a monthly dividend on Wednesday, October 9th, Analyst RN reports. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.125 per share on Thursday, October 31st. This represents a $1.50 annualized dividend and a dividend yield of 8.39%. The ex-dividend date is Friday, October 18th.
Several analysts have recently commented on the stock. Analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Gladstone Commercial Corp. in a research note to investors on Tuesday, October 1st. They now have a $20.00 price target on the stock. Analysts at Hilliard Lyons upgraded shares of Gladstone Commercial Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, August 8th.
Gladstone Commercial Corp. (NASDAQ:GOOD) traded up 2.23% during mid-day trading on Wednesday, hitting $17.87. The stock had a trading volume of 108,687 shares. Gladstone Commercial Corp. has a 52-week low of $16.15 and a 52-week high of $21.33. The stock’s 50-day moving average is $17.86 and its 200-day moving average is $18.89. The company’s market cap is $253.3 million.
Gladstone Commercial Corp. (NASDAQ:GOOD) last announced its earnings results on Tuesday, July 30th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.01. The company had revenue of $14.26 million for the quarter, compared to the consensus estimate of $14.66 million. On average, analysts predict that Gladstone Commercial Corp. will post $-0.22 earnings per share for the current fiscal year.
Gladstone Commercial Corporation is a real estate investment trust (NASDAQ:GOOD).
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