Gladstone Commercial Corporation Declares Monthly Dividend of $0.13 (GOOD)
Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Stockholders of record on Monday, November 20th will be given a dividend of 0.125 per share by the real estate investment trust on Thursday, November 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date is Friday, November 17th.
Gladstone Commercial Corporation (NASDAQ:GOOD) traded up 0.44% during midday trading on Wednesday, hitting $22.61. 110,878 shares of the stock were exchanged. Gladstone Commercial Corporation has a 1-year low of $16.02 and a 1-year high of $23.35. The company’s 50 day moving average is $21.79 and its 200-day moving average is $21.35. The stock’s market cap is $624.99 million.
GOOD has been the topic of several research reports. DA Davidson initiated coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 25th. They set a “buy” rating and a $24.00 price target on the stock. Canaccord Genuity initiated coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 18th. They issued a “hold” rating and a $22.00 target price on the stock. BidaskClub downgraded shares of Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Janney Montgomery Scott initiated coverage on shares of Gladstone Commercial Corporation in a research note on Friday, September 8th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $23.33.
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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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