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

Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, July 11th, Wall Street Journal reports. Stockholders of record on Friday, July 20th will be paid a dividend of 0.125 per share by the real estate investment trust on Tuesday, July 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date is Thursday, July 19th.

Shares of Gladstone Commercial stock traded up $0.09 on Wednesday, reaching $19.90. The company had a trading volume of 109,389 shares, compared to its average volume of 142,534. The stock has a market cap of $563.09 million, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 2.07 and a beta of 0.78. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.99 and a current ratio of 0.99. Gladstone Commercial has a 1 year low of $16.78 and a 1 year high of $23.29.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.34). The company had revenue of $26.35 million during the quarter, compared to analysts’ expectations of $25.57 million. Gladstone Commercial had a return on equity of 2.40% and a net margin of 6.26%. sell-side analysts predict that Gladstone Commercial will post 1.59 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on GOOD shares. TheStreet cut Gladstone Commercial from a “c” rating to a “d+” rating in a report on Tuesday, March 27th. Boenning Scattergood started coverage on Gladstone Commercial in a report on Tuesday. They issued an “outperform” rating and a $21.00 target price for the company. Zacks Investment Research cut Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. ValuEngine upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. Finally, BidaskClub upgraded Gladstone Commercial from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.40.

In other Gladstone Commercial news, CFO Michael Sodo acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The stock was bought at an average price of $18.00 per share, for a total transaction of $36,000.00. Following the acquisition, the chief financial officer now directly owns 5,000 shares in the company, valued at $90,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have purchased 4,571 shares of company stock valued at $83,987. 1.98% of the stock is owned by company insiders.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2018, Gladstone Commercial has paid 156 consecutive monthly cash distributions on its common stock.

Dividend History for Gladstone Commercial (NASDAQ:GOOD)

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