Gladstone Commercial Co. (GOOD) President Acquires $10,800.00 in Stock

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%.

Institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its stake in Gladstone Commercial by 26.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 55,400 shares of the real estate investment trust’s stock worth $1,146,000 after acquiring an additional 11,500 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Gladstone Commercial by 3.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 153,600 shares of the real estate investment trust’s stock worth $3,346,000 after acquiring an additional 5,075 shares during the last quarter. Vanguard Group Inc. boosted its stake in Gladstone Commercial by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,910,745 shares of the real estate investment trust’s stock worth $63,425,000 after acquiring an additional 81,609 shares during the last quarter. Citadel Advisors LLC boosted its stake in Gladstone Commercial by 80.3% during the 3rd quarter. Citadel Advisors LLC now owns 115,221 shares of the real estate investment trust’s stock worth $2,566,000 after acquiring an additional 51,328 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Gladstone Commercial by 1.0% during the 1st quarter. California Public Employees Retirement System now owns 31,500 shares of the real estate investment trust’s stock worth $651,000 after acquiring an additional 300 shares during the last quarter. 52.79% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Gladstone Commercial (NASDAQ:GOOD)

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