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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About Gladstone Commercial Corporation

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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