Gladstone Commercial Co. (NASDAQ:GOODO – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 317 shares, an increase of 387.7% from the April 15th total of 65 shares. Based on an average trading volume of 3,027 shares, the days-to-cover ratio is currently 0.1 days.
Gladstone Commercial Price Performance
GOODO stock traded down $0.04 during midday trading on Thursday, reaching $20.28. The stock had a trading volume of 5,281 shares, compared to its average volume of 7,968. The business has a fifty day simple moving average of $19.92 and a two-hundred day simple moving average of $20.18. Gladstone Commercial has a twelve month low of $19.42 and a twelve month high of $22.20.
Gladstone Commercial Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 7.4%.
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.
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