|Bid||0.00 x 1800|
|Ask||0.00 x 1800|
|Day's Range||15.10 - 15.88|
|52 Week Range||15.10 - 26.13|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||168.78|
|Earnings Date||Oct 31, 2022 - Nov 04, 2022|
|Forward Dividend & Yield||1.50 (7.18%)|
|Ex-Dividend Date||Jul 21, 2022|
|1y Target Est||23.60|
Gladstone Commercial's (GOOD) latest acquisition is in line with its strategy of expanding on the buyouts of high-quality, functional industrial assets leased to tenants with strong credit profiles.
Gladstone Commercial Corporation (Nasdaq:GOOD) has acquired two industrial assets, totaling 116,706 square feet, in Jacksonville, Florida and Fort Payne, Alabama, for a total purchase price of $13.6 million at a weighted GAAP capitalization rate of 7.45%.
The Federal Reserve is trying to get inflation under control by ramping up interest rates and that's weighing on stock prices, which pushes up dividend yields. One sector that has gotten hit particularly hard due to its sensitivity to rates is the real estate investment trust (REIT) industry. Three Fool.com contributors think Medical Properties Trust (NYSE: MPW), Macerich (NYSE: MAC), and Gladstone Commercial (NASDAQ: GOOD) look like compelling buys at this moment.