Gladstone Commercial Co. (GOOD) Plans Monthly Dividend of $0.13

Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, January 10th, Wall Street Journal reports. Shareholders of record on Tuesday, March 20th will be paid a dividend of 0.125 per share by the real estate investment trust on Friday, March 30th. This represents a $1.50 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date is Monday, March 19th.

Shares of Gladstone Commercial (NASDAQ GOOD) traded down $0.14 on Thursday, reaching $19.75. 56,071 shares of the company’s stock were exchanged, compared to its average volume of 204,671. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $549.96, a PE ratio of -493.75, a P/E/G ratio of 2.16 and a beta of 0.88. Gladstone Commercial has a one year low of $19.07 and a one year high of $23.35.

A number of equities analysts have issued reports on GOOD shares. BidaskClub cut shares of Gladstone Commercial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised shares of Gladstone Commercial from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, October 11th. ValuEngine lowered shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 20th. Finally, Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.67.

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Gladstone Commercial Company Profile

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 (NASDAQ:GOOD)

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