Gladstone Commercial Co. (NASDAQ:GOODO – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 188 shares, a drop of 82.5% from the June 30th total of 1,075 shares. Based on an average trading volume of 4,151 shares, the days-to-cover ratio is currently 0.0 days.
Gladstone Commercial Stock Performance
Shares of NASDAQ GOODO traded up $0.05 during mid-day trading on Monday, reaching $20.44. The company’s stock had a trading volume of 3,543 shares, compared to its average volume of 6,716. Gladstone Commercial has a 52 week low of $19.42 and a 52 week high of $22.20. The stock has a fifty day moving average of $20.15 and a two-hundred day moving average of $20.17.
Gladstone Commercial Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 7.3%.
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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