Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Shareholders of record on Tuesday, December 19th will be given a dividend of 0.125 per share by the real estate investment trust on Friday, December 29th. This represents a $1.50 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date is Monday, December 18th.

Gladstone Commercial Corporation (NASDAQ:GOOD) traded up 0.44% during mid-day trading on Wednesday, reaching $22.61. The company’s stock had a trading volume of 110,878 shares. The firm’s 50 day moving average price is $21.79 and its 200 day moving average price is $21.35. The stock’s market cap is $624.99 million. Gladstone Commercial Corporation has a 12-month low of $16.02 and a 12-month high of $23.35.

Several equities analysts have recently commented on the company. Zacks Investment Research raised Gladstone Commercial Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Wednesday. Canaccord Genuity assumed coverage on Gladstone Commercial Corporation in a research note on Tuesday, July 18th. They issued a “hold” rating and a $22.00 price target on the stock. Janney Montgomery Scott assumed coverage on Gladstone Commercial Corporation in a research note on Friday, September 8th. They issued a “buy” rating on the stock. BidaskClub lowered Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial Corporation in a research note on Thursday, August 17th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Gladstone Commercial Corporation currently has an average rating of “Hold” and an average target price of $23.33.

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Gladstone Commercial Corporation Company Profile

Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.

Dividend History for Gladstone Commercial Corporation (NASDAQ:GOOD)

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