Gladstone Commercial Co. (GOOD) To Go Ex-Dividend on November 17th
Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Stockholders of record on Monday, November 20th will be paid a dividend of 0.125 per share by the real estate investment trust on Thursday, November 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend is Friday, November 17th.
Gladstone Commercial (NASDAQ:GOOD) opened at $22.41 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.68 and a current ratio of 0.68. Gladstone Commercial has a 12 month low of $18.02 and a 12 month high of $23.35. The firm has a market cap of $625.04, a P/E ratio of 14.94, a PEG ratio of 2.46 and a beta of 0.86.
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A number of brokerages have recently weighed in on GOOD. Zacks Investment Research raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial in a research note on Thursday, August 17th. BidaskClub raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Canaccord Genuity lowered their target price on shares of Gladstone Commercial from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Finally, Janney Montgomery Scott initiated coverage on shares of Gladstone Commercial in a research note on Friday, September 8th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Gladstone Commercial has an average rating of “Hold” and an average price target of $23.33.
About Gladstone Commercial
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.
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