Gladstone Commercial (GOODO) Expected to Announce Quarterly Earnings on Tuesday

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

Gladstone Commercial Stock Performance

Gladstone Commercial stock traded up $0.04 during midday trading on Monday, hitting $20.12. 961 shares of the company were exchanged, compared to its average volume of 8,247. The company’s fifty day moving average price is $19.92 and its 200-day moving average price is $20.17. Gladstone Commercial has a fifty-two week low of $19.42 and a fifty-two week high of $22.20.

Gladstone Commercial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a $0.125 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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.