Gladstone Commercial Co. (GOOD) to Issue $0.13 Monthly Dividend
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 annualized dividend and a yield of 7.40%. The ex-dividend date is Monday, March 19th.
Gladstone Commercial (NASDAQ GOOD) traded down $0.39 on Wednesday, hitting $20.26. 123,100 shares of the stock traded hands, compared to its average volume of 146,783. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.68 and a quick ratio of 0.68. Gladstone Commercial has a 1 year low of $19.07 and a 1 year high of $23.35. The stock has a market capitalization of $555.83, a PE ratio of -506.50, a price-to-earnings-growth ratio of 2.16 and a beta of 0.88.
GOOD has been the subject of several research reports. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Gladstone Commercial in a report on Friday, December 1st. BidaskClub cut shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Zacks Investment Research cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, ValuEngine cut shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.67.
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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