Gladstone Commercial Corp. (GOOD) Plans $0.13 Monthly Dividend
Gladstone Commercial Corp. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, October 12th. Investors of record on Thursday, November 17th will be paid a dividend of 0.125 per share by the real estate investment trust on Wednesday, November 30th. This represents a $1.50 annualized dividend and a yield of 8.41%. The ex-dividend date of this dividend is Tuesday, November 15th.
Shares of Gladstone Commercial Corp. (NASDAQ:GOOD) traded up 2.65% during trading on Wednesday, reaching $17.84. 138,073 shares of the company traded hands. Gladstone Commercial Corp. has a 1-year low of $12.00 and a 1-year high of $19.15. The stock’s 50 day moving average is $18.23 and its 200 day moving average is $17.38. The company’s market capitalization is $402.88 million.
Gladstone Commercial Corp. (NASDAQ:GOOD) last released its earnings results on Monday, July 25th. The real estate investment trust reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. Gladstone Commercial Corp. had a return on equity of 1.83% and a net margin of 4.89%. On average, analysts forecast that Gladstone Commercial Corp. will post $1.55 EPS for the current year.
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GOOD has been the subject of several research reports. TheStreet raised Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Zacks Investment Research cut Gladstone Commercial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th.
In related news, Director Caren D. Merrick acquired 2,816 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was acquired at an average price of $17.76 per share, for a total transaction of $50,012.16. Following the purchase, the director now owns 2,816 shares of the company’s stock, valued at approximately $50,012.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.36% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Gladstone Commercial Corp. by 2.3% in the second quarter. Vanguard Group Inc. now owns 774,079 shares of the real estate investment trust’s stock valued at $13,074,000 after buying an additional 17,437 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Gladstone Commercial Corp. by 2.8% in the second quarter. BlackRock Fund Advisors now owns 576,631 shares of the real estate investment trust’s stock valued at $9,739,000 after buying an additional 15,658 shares during the last quarter. State Street Corp boosted its stake in Gladstone Commercial Corp. by 1.6% in the second quarter. State Street Corp now owns 333,505 shares of the real estate investment trust’s stock valued at $5,634,000 after buying an additional 5,383 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Gladstone Commercial Corp. by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 307,235 shares of the real estate investment trust’s stock valued at $5,189,000 after buying an additional 22,748 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in Gladstone Commercial Corp. by 8.5% in the second quarter. BlackRock Investment Management LLC now owns 92,725 shares of the real estate investment trust’s stock valued at $1,566,000 after buying an additional 7,228 shares during the last quarter. Institutional investors and hedge funds own 39.76% of the company’s stock.
About Gladstone Commercial Corp.
Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing office and industrial properties, and making long-term industrial and commercial mortgage loans. The Company’s portfolio of real estate is leased to a section of tenants ranging from small businesses to large public companies.
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