Gladstone Commercial Corp. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, October 12th. Stockholders of record on Tuesday, December 20th will be paid a dividend of 0.125 per share by the real estate investment trust on Friday, December 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.41%. The ex-dividend date of this dividend is Friday, December 16th.

Gladstone Commercial Corp. (NASDAQ:GOOD) opened at 17.84 on Thursday. The stock has a 50 day moving average of $18.23 and a 200-day moving average of $17.39. Gladstone Commercial Corp. has a one year low of $12.00 and a one year high of $19.15. The stock’s market cap is $402.88 million.

Gladstone Commercial Corp. (NASDAQ:GOOD) last released its earnings results on Monday, July 25th. The real estate investment trust reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. Gladstone Commercial Corp. had a net margin of 4.89% and a return on equity of 1.83%. Analysts anticipate that Gladstone Commercial Corp. will post $1.55 EPS for the current year.

Dividend History for Gladstone Commercial Corp. (NASDAQ:GOOD)

In other news, Director Caren D. Merrick purchased 2,816 shares of Gladstone Commercial Corp. stock in a transaction dated Friday, August 26th. The stock was bought at an average price of $17.76 per share, with a total value of $50,012.16. Following the completion of the acquisition, the director now owns 2,816 shares in the company, valued at approximately $50,012.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.36% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Gladstone Commercial Corp. by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 307,235 shares of the real estate investment trust’s stock valued at $5,189,000 after buying an additional 22,748 shares during the period. Vanguard Group Inc. increased its position in shares of Gladstone Commercial Corp. by 2.3% in the second quarter. Vanguard Group Inc. now owns 774,079 shares of the real estate investment trust’s stock valued at $13,074,000 after buying an additional 17,437 shares during the period. BlackRock Investment Management LLC increased its position in shares of Gladstone Commercial Corp. by 8.5% in the second quarter. BlackRock Investment Management LLC now owns 92,725 shares of the real estate investment trust’s stock valued at $1,566,000 after buying an additional 7,228 shares during the period. BlackRock Inc. increased its position in shares of Gladstone Commercial Corp. by 231.0% in the second quarter. BlackRock Inc. now owns 8,596 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 5,999 shares during the period. Finally, BlackRock Fund Advisors increased its position in shares of Gladstone Commercial Corp. by 2.8% in the second quarter. BlackRock Fund Advisors now owns 576,631 shares of the real estate investment trust’s stock valued at $9,739,000 after buying an additional 15,658 shares during the period. 39.76% of the stock is owned by institutional investors.

GOOD has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Gladstone Commercial Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Friday, September 2nd. TheStreet upgraded shares of Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 8th.

About Gladstone Commercial Corp.

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.

5 Day Chart for NASDAQ:GOOD

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