Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Investors of record on Friday, October 20th will be paid a dividend of 0.125 per share by the real estate investment trust on Tuesday, October 31st. This represents a $1.50 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Thursday, October 19th.

Shares of Gladstone Commercial Corporation (GOOD) traded up 0.44% during mid-day trading on Wednesday, reaching $22.61. The company had a trading volume of 110,878 shares. The company’s 50-day moving average price is $21.79 and its 200-day moving average price is $21.35. The company’s market capitalization is $624.99 million. Gladstone Commercial Corporation has a 52-week low of $16.02 and a 52-week high of $23.35.

Several research firms recently weighed in on GOOD. Zacks Investment Research upgraded shares of Gladstone Commercial Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Wednesday. BidaskClub upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Canaccord Genuity reduced their target price on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Gladstone Commercial Corporation in a research note on Thursday, August 17th. Finally, DA Davidson began coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 25th. They issued a “buy” rating and a $24.00 target price for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $23.33.

ILLEGAL ACTIVITY NOTICE: “Gladstone Commercial Corporation (GOOD) Announces $0.13 Monthly Dividend” was first published by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/11/gladstone-commercial-corporation-good-announces-0-13-monthly-dividend.html.

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)

Receive News & Ratings for Gladstone Commercial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.