The Gladstone Commercial Corp. (GOOD) Plans $0.13 Monthly Dividend

The Gladstone Commercial Corp. (GOOD) Plans $0.13 Monthly Dividend

Gladstone Commercial Corp. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, October 12th. Stockholders of record on Tuesday, December 20th will be paid a dividend of 0.125 per share by the real estate investment trust on Friday, December 30th. This represents a $1.50 annualized dividend and a dividend yield of 8.41%. The ex-dividend date is Friday, December 16th.

Gladstone Commercial Corp. (NASDAQ:GOOD) opened at 17.84 on Thursday. Gladstone Commercial Corp. has a one year low of $12.00 and a one year high of $19.15. The stock’s 50 day moving average is $18.23 and its 200 day moving average is $17.39. The firm’s market cap is $402.88 million.

Gladstone Commercial Corp. (NASDAQ:GOOD) last posted its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. Gladstone Commercial Corp. had a return on equity of 1.83% and a net margin of 4.89%. On average, equities research analysts expect that Gladstone Commercial Corp. will post $1.55 earnings per share for the current year.

Several equities research analysts have recently weighed in on GOOD shares. Zacks Investment Research raised Gladstone Commercial Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, July 13th. TheStreet raised 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 bought 2,816 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average cost of $17.76 per share, for a total transaction of $50,012.16. Following the completion of the purchase, the director now owns 2,816 shares of the company’s stock, valued at approximately $50,012.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.36% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Gladstone Commercial Corp. by 231.0% in the second quarter. BlackRock Inc. now owns 8,596 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 5,999 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of Gladstone Commercial Corp. during the second quarter worth approximately $169,000. Summit Securities Group LLC purchased a new position in shares of Gladstone Commercial Corp. during the second quarter worth approximately $189,000. American International Group Inc. raised its position in shares of Gladstone Commercial Corp. by 5.9% in the second quarter. American International Group Inc. now owns 12,864 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 722 shares during the last quarter. Finally, KCG Holdings Inc. purchased a new position in shares of Gladstone Commercial Corp. during the second quarter worth approximately $248,000. Institutional investors and hedge funds own 39.76% of the company’s stock.

About Gladstone Commercial Corp.

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