Gladstone Commercial Co. (NASDAQ:GOODN – Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 690 shares, a growth of 35.8% from the February 12th total of 508 shares. Based on an average daily trading volume, of 3,120 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 3,120 shares, the days-to-cover ratio is presently 0.2 days.
Gladstone Commercial Stock Down 0.4%
NASDAQ:GOODN traded down $0.08 during mid-day trading on Friday, reaching $22.67. 281 shares of the company were exchanged, compared to its average volume of 3,626. Gladstone Commercial has a 12 month low of $20.51 and a 12 month high of $24.35. The company has a fifty day moving average of $22.86 and a 200 day moving average of $22.62.
Gladstone Commercial Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.138 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Monday, March 23rd.
Gladstone Commercial Company Profile
Gladstone Commercial Corporation (NASDAQ: GOODN) is a real estate investment trust (REIT) that specializes in acquiring, owning and operating single-tenant industrial and office properties throughout the United States. The company focuses on net‐leased assets, where tenants assume responsibility for property taxes, insurance and maintenance, providing Gladstone Commercial with predictable, long‐term income streams. Its investment strategy targets properties occupied by creditworthy lessees under leases that typically range from five to twenty years in term.
Founded in 2003 and publicly listed in 2005, Gladstone Commercial is externally managed by Gladstone Management Corporation, an affiliate led by industry veteran David Gladstone.
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