Gladstone Commercial Corporation (NASDAQ:GOOD) Declares $0.13 Monthly Dividend
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.
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.
Receive News & Stock Ratings for Gladstone Commercial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial Corporation and related stocks with our FREE daily email newsletter.