Gladstone Commercial Co. (NASDAQ:GOODO – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 497 shares, an increase of 164.4% from the July 15th total of 188 shares. Based on an average daily trading volume, of 5,491 shares, the short-interest ratio is currently 0.1 days.
Gladstone Commercial Stock Performance
GOODO opened at $20.68 on Friday. Gladstone Commercial has a 1-year low of $19.42 and a 1-year high of $22.20. The firm has a 50-day moving average price of $20.26 and a two-hundred day moving average price of $20.15.
Gladstone Commercial Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.125 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, September 21st.
About Gladstone Commercial
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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