Gladstone Commercial Co. (NASDAQ:GOOD) President Robert G. Cutlip purchased 500 shares of the stock in a transaction on Tuesday, January 9th. The stock was acquired at an average cost of $20.62 per share, with a total value of $10,310.00. Following the acquisition, the president now owns 38,700 shares of the company’s stock, valued at approximately $797,994. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Gladstone Commercial Co. (GOOD) traded down $0.11 during trading on Friday, hitting $18.46. The stock had a trading volume of 140,506 shares, compared to its average volume of 159,989. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.68 and a quick ratio of 0.68. Gladstone Commercial Co. has a 1-year low of $18.28 and a 1-year high of $23.35. The stock has a market capitalization of $508.42, a PE ratio of -461.50, a PEG ratio of 1.97 and a beta of 0.75.
Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.39). Gladstone Commercial had a return on equity of 3.96% and a net margin of 10.59%. The firm had revenue of $24.37 million for the quarter, compared to analysts’ expectations of $23.09 million. equities analysts forecast that Gladstone Commercial Co. will post 1.52 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 22nd were given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 8.13%. The ex-dividend date of this dividend was Friday, January 19th. Gladstone Commercial’s payout ratio is -3,750.00%.
A number of research firms recently commented on GOOD. BidaskClub downgraded Gladstone Commercial from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. ValuEngine downgraded Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a report on Monday, November 20th. Zacks Investment Research cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Gladstone Commercial in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Gladstone Commercial has an average rating of “Hold” and a consensus target price of $22.33.
Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of Gladstone Commercial by 99.6% during the second quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 2,511 shares in the last quarter. CAPROCK Group Inc. acquired a new position in Gladstone Commercial during the fourth quarter worth $202,000. Virginia Retirement Systems ET AL acquired a new position in Gladstone Commercial during the third quarter worth $285,000. Voya Investment Management LLC boosted its stake in Gladstone Commercial by 13.2% during the second quarter. Voya Investment Management LLC now owns 14,447 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 1,680 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Gladstone Commercial by 55.9% during the third quarter. Prudential Financial Inc. now owns 21,012 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 7,530 shares during the last quarter. Hedge funds and other institutional investors own 52.71% of the company’s stock.
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About Gladstone Commercial
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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