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