Gladstone Commercial (NASDAQ:GOODO – Get Free Report) is anticipated to issue its results after the market closes on Wednesday, August 5th. Analysts expect the company to post earnings of $0.0450 per share and revenue of $42.1810 million for the quarter.
Gladstone Commercial Stock Down 0.1%
GOODO stock traded down $0.01 during mid-day trading on Tuesday, hitting $20.55. The company had a trading volume of 3,386 shares, compared to its average volume of 6,718. The company has a 50-day moving average price of $20.18 and a 200 day moving average price of $20.16. Gladstone Commercial has a 12-month low of $19.42 and a 12-month high of $22.20.
Gladstone Commercial Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.125 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend 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.
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