Insider Buying: Gladstone Commercial Co. (NASDAQ:GOOD) President Acquires 500 Shares of Stock

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.

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

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