Gladstone Commercial Corp. (GOOD) Plans $0.13 Monthly Dividend
Gladstone Commercial Corp. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, October 12th. Shareholders of record on Friday, October 21st will be given a dividend of 0.125 per share by the real estate investment trust on Monday, October 31st. This represents a $1.50 annualized dividend and a yield of 8.41%. The ex-dividend date of this dividend is Wednesday, October 19th.
Gladstone Commercial Corp. (NASDAQ:GOOD) opened at 17.84 on Thursday. The firm’s 50-day moving average is $18.23 and its 200 day moving average is $17.39. Gladstone Commercial Corp. has a 12-month low of $12.00 and a 12-month high of $19.15. The stock’s market capitalization is $402.88 million.
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 the consensus estimate of $0.38. Gladstone Commercial Corp. had a net margin of 4.89% and a return on equity of 1.83%. Equities research analysts anticipate that Gladstone Commercial Corp. will post $1.55 earnings per share for the current year.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Gladstone Commercial Corp. from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, September 2nd. TheStreet raised shares of Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 8th.
In related news, Director Caren D. Merrick acquired 2,816 shares of Gladstone Commercial Corp. stock in a transaction that occurred on Friday, August 26th. The stock was acquired 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 directly owns 2,816 shares of the company’s stock, valued at approximately $50,012.16. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.36% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in 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 last quarter. Alliancebernstein L.P. bought a new stake in Gladstone Commercial Corp. during the second quarter valued at $169,000. Summit Securities Group LLC bought a new stake in Gladstone Commercial Corp. during the second quarter valued at $189,000. American International Group Inc. increased its stake in Gladstone Commercial Corp. by 5.9% in the second quarter. American International Group Inc. now owns 12,864 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 722 shares during the last quarter. Finally, KCG Holdings Inc. bought a new stake in Gladstone Commercial Corp. during the second quarter valued at $248,000. 39.76% of the stock is owned by institutional investors and hedge funds.
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.
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