Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Wednesday, July 12th, Wall Street Journal reports. Shareholders of record on Wednesday, September 20th will be paid a dividend of 0.125 per share by the real estate investment trust on Friday, September 29th. This represents a $1.50 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend is Tuesday, September 19th.

Shares of Gladstone Commercial Corporation (NASDAQ GOOD) opened at 20.67 on Monday. Gladstone Commercial Corporation has a one year low of $16.02 and a one year high of $23.35. The company’s market cap is $571.36 million.

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Several brokerages recently commented on GOOD. BidaskClub raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded shares of Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Canaccord Genuity dropped their price objective 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. DA Davidson assumed coverage on shares of Gladstone Commercial Corporation in a research note on Tuesday, July 25th. They issued a “buy” rating and a $24.00 price objective for the company. Finally, Hilliard Lyons cut shares of Gladstone Commercial Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.67.

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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