Gladstone Commercial Corp. (GOOD) Announces Monthly Dividend of $0.13
Gladstone Commercial Corp. (NASDAQ:GOOD) announced a monthly dividend on Wednesday, October 12th. Investors of record on Thursday, November 17th will be paid a dividend of 0.125 per share by the real estate investment trust on Wednesday, November 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.41%. The ex-dividend date is Tuesday, November 15th.
Shares of Gladstone Commercial Corp. (NASDAQ:GOOD) opened at 17.84 on Thursday. The stock’s market capitalization is $402.88 million. The company’s 50 day moving average price is $18.23 and its 200-day moving average price is $17.39. Gladstone Commercial Corp. has a 12 month low of $12.00 and a 12 month high of $19.15.
Gladstone Commercial Corp. (NASDAQ:GOOD) last announced its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Gladstone Commercial Corp. had a return on equity of 1.83% and a net margin of 4.89%. Equities analysts predict that Gladstone Commercial Corp. will post $1.55 earnings per share for the current year.
A number of brokerages recently issued reports on GOOD. Zacks Investment Research upgraded Gladstone Commercial Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, July 13th. TheStreet upgraded Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 8th.
In other news, Director Caren D. Merrick acquired 2,816 shares of the business’s stock in a transaction on Friday, August 26th. The shares were acquired at an average cost of $17.76 per share, with a total value of $50,012.16. Following the transaction, the director now owns 2,816 shares in the company, valued at approximately $50,012.16. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.36% of the company’s stock.
A number of hedge funds have recently bought and sold shares of GOOD. Citadel Advisors LLC purchased a new stake in Gladstone Commercial Corp. during the second quarter valued at $428,000. KCG Holdings Inc. purchased a new stake in Gladstone Commercial Corp. during the second quarter valued at $248,000. Summit Securities Group LLC purchased a new stake in Gladstone Commercial Corp. during the second quarter valued at $189,000. State Street Corp boosted its stake in Gladstone Commercial Corp. by 1.6% in the second quarter. State Street Corp now owns 333,505 shares of the real estate investment trust’s stock valued at $5,634,000 after buying an additional 5,383 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its stake in Gladstone Commercial Corp. by 11.5% in the second quarter. Teachers Advisors Inc. now owns 44,296 shares of the real estate investment trust’s stock valued at $748,000 after buying an additional 4,564 shares during the last quarter. 39.76% of the stock is currently owned by institutional investors and hedge funds.
Gladstone Commercial Corp. Company Profile
Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing office and industrial properties, and making long-term industrial and commercial mortgage loans. The Company’s portfolio of real estate is leased to a section of tenants ranging from small businesses to large public companies.
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