Gladstone Commercial (NASDAQ:GOODO) Stock Price Up 1.1% – Still a Buy?

by · The Markets Daily

Gladstone Commercial Co. (NASDAQ:GOODO – Get Free Report) traded up 1.1% during mid-day trading on Wednesday . The stock traded as high as $20.70 and last traded at $20.49. 10,342 shares traded hands during mid-day trading, an increase of 105% from the average session volume of 5,048 shares. The stock had previously closed at $20.27.

Gladstone Commercial Stock Up 1.1%

The company has a 50-day moving average price of $20.07 and a two-hundred day moving average price of $20.30.

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a yield of 7.3%.

About Gladstone Commercial

(Get Free Report)

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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