Gladstone Commercial Corp. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, October 12th. Shareholders of record on Friday, October 21st will be paid a dividend of 0.125 per share by the real estate investment trust on Monday, October 31st. This represents a $1.50 annualized dividend and a dividend yield of 8.40%. The ex-dividend date is Wednesday, October 19th.
Gladstone Commercial Corp. (NASDAQ:GOOD) opened at 17.85 on Friday. The firm has a 50 day moving average of $18.23 and a 200 day moving average of $17.39. Gladstone Commercial Corp. has a one year low of $12.00 and a one year high of $19.15. The firm’s market capitalization is $403.11 million.
Gladstone Commercial Corp. (NASDAQ:GOOD) last issued its earnings results on Monday, July 25th. The real estate investment trust reported $0.38 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. Gladstone Commercial Corp. had a net margin of 4.89% and a return on equity of 1.83%. Equities analysts forecast that Gladstone Commercial Corp. will post $1.55 EPS for the current year.
GOOD has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Gladstone Commercial Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, July 13th. TheStreet upgraded shares of Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 8th.
In other news, Director Caren D. Merrick purchased 2,816 shares of the business’s stock in a transaction on Friday, August 26th. The stock was purchased at an average price of $17.76 per share, for a total transaction of $50,012.16. Following the completion of the purchase, the director now directly owns 2,816 shares in the company, valued at approximately $50,012.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.36% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in GOOD. KCG Holdings Inc. purchased a new stake in shares of Gladstone Commercial Corp. during the second quarter worth approximately $248,000. Summit Securities Group LLC purchased a new stake in shares of Gladstone Commercial Corp. during the second quarter worth approximately $189,000. State Street Corp boosted its stake in shares of Gladstone Commercial Corp. by 1.6% in the second quarter. State Street Corp now owns 333,505 shares of the real estate investment trust’s stock worth $5,634,000 after buying an additional 5,383 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Gladstone Commercial Corp. by 11.5% in the second quarter. Teachers Advisors Inc. now owns 44,296 shares of the real estate investment trust’s stock worth $748,000 after buying an additional 4,564 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in shares of Gladstone Commercial Corp. by 73.6% in the second quarter. Martingale Asset Management L P now owns 38,038 shares of the real estate investment trust’s stock worth $643,000 after buying an additional 16,127 shares in the last quarter. Hedge funds and other institutional investors own 39.76% of the company’s stock.
About Gladstone Commercial Corp.
Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing office and industrial properties, and making long-term industrial and commercial mortgage loans. The Company’s portfolio of real estate is leased to a section of tenants ranging from small businesses to large public companies.
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