Gladstone Commercial (GOODN) Projected to Post Earnings on Tuesday

Gladstone Commercial (NASDAQ:GOODN) is expected to be posting its results after the market closes on Tuesday, May 5th. Analysts expect Gladstone Commercial to post earnings of $0.05 per share and revenue of $42.9370 million for the quarter.

Gladstone Commercial Price Performance

Shares of Gladstone Commercial stock traded up $0.08 during mid-day trading on Monday, hitting $22.29. 1,382 shares of the stock were exchanged, compared to its average volume of 3,353. Gladstone Commercial has a 12 month low of $20.91 and a 12 month high of $24.35. The company has a 50-day simple moving average of $22.47 and a 200 day simple moving average of $22.59.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.138 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 7.4%.

About Gladstone Commercial

Gladstone Commercial Corporation (NASDAQ: GOODN) is a real estate investment trust (REIT) that specializes in acquiring, owning and operating single-tenant industrial and office properties throughout the United States. The company focuses on net‐leased assets, where tenants assume responsibility for property taxes, insurance and maintenance, providing Gladstone Commercial with predictable, long‐term income streams. Its investment strategy targets properties occupied by creditworthy lessees under leases that typically range from five to twenty years in term.

Founded in 2003 and publicly listed in 2005, Gladstone Commercial is externally managed by Gladstone Management Corporation, an affiliate led by industry veteran David Gladstone.