Gladstone Commercial Co. (NASDAQ:GOOD) President Robert G. Cutlip acquired 500 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were bought at an average cost of $21.60 per share, for a total transaction of $10,800.00. Following the acquisition, the president now owns 38,200 shares in the company, valued at $825,120. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Gladstone Commercial Co. (GOOD) traded up $0.02 during midday trading on Friday, hitting $21.67. 524,897 shares of the stock traded hands, compared to its average volume of 162,620. The company has a market cap of $600.39, a price-to-earnings ratio of 14.35, a PEG ratio of 2.37 and a beta of 0.86. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.78. Gladstone Commercial Co. has a one year low of $18.80 and a one year high of $23.35.
The company also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 6.92%. The ex-dividend date of this dividend was Friday, November 17th. Gladstone Commercial’s payout ratio is -5,000.00%.
Several research analysts have recently issued reports on the stock. ValuEngine lowered shares of Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 20th. BidaskClub lowered shares of Gladstone Commercial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Janney Montgomery Scott assumed coverage on shares of Gladstone Commercial in a research note on Friday, September 8th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.33.
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Gladstone Commercial Company Profile
Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.
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