Gladstone Commercial (GOODO) Projected to Post Quarterly Earnings on Wednesday

Gladstone Commercial (NASDAQ:GOODO) is projected to release its resultson Wednesday, August 5th. Analysts expect Gladstone Commercial to post earnings of $0.0450 per share and revenue of $42.1810 million for the quarter.

Gladstone Commercial Stock Down 0.1%

Shares of NASDAQ GOODO traded down $0.03 during midday trading on Wednesday, hitting $20.47. The company had a trading volume of 1,259 shares, compared to its average volume of 6,638. Gladstone Commercial has a twelve month low of $19.42 and a twelve month high of $22.20. The business has a 50-day simple moving average of $20.15 and a two-hundred day simple moving average of $20.17.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Monday, September 21st.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.

Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.