Gladstone Commercial Corporation Announces Monthly Dividend of $0.13 (GOOD)
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.
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