Gladstone Commercial Co. (NASDAQ:GOOD) President Robert G. Cutlip acquired 500 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $20.88 per share, with a total value of $10,440.00. Following the completion of the transaction, the president now directly owns 48,600 shares of the company’s stock, valued at approximately $1,014,768. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ GOOD traded up $0.02 during mid-day trading on Monday, hitting $20.93. The stock had a trading volume of 229,087 shares, compared to its average volume of 150,057. The company has a quick ratio of 15.32, a current ratio of 15.32 and a debt-to-equity ratio of 2.22. Gladstone Commercial Co. has a 1 year low of $16.81 and a 1 year high of $21.45. The company has a market cap of $618.18 million, a price-to-earnings ratio of 13.16, a PEG ratio of 2.57 and a beta of 0.91.

Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Wednesday, February 13th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.41). Gladstone Commercial had a return on equity of 4.87% and a net margin of 11.54%. The firm had revenue of $27.26 million during the quarter, compared to analysts’ expectations of $27.18 million. Equities research analysts anticipate that Gladstone Commercial Co. will post 1.61 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 20th will be paid a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 7.17%. The ex-dividend date is Tuesday, March 19th. Gladstone Commercial’s payout ratio is 94.34%.

A number of brokerages recently weighed in on GOOD. BidaskClub raised shares of Gladstone Commercial from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 22nd. ValuEngine raised shares of Gladstone Commercial from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Boenning Scattergood reissued a “buy” rating and set a $21.00 price target on shares of Gladstone Commercial in a research note on Thursday, February 14th. Finally, Zacks Investment Research raised shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.13.

Several hedge funds and other institutional investors have recently modified their holdings of GOOD. Quantamental Technologies LLC bought a new stake in Gladstone Commercial in the fourth quarter valued at $51,000. Legal & General Group Plc boosted its holdings in Gladstone Commercial by 24.0% in the fourth quarter. Legal & General Group Plc now owns 5,012 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 971 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Gladstone Commercial by 13.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 9,185 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 1,083 shares in the last quarter. Jane Street Group LLC bought a new stake in Gladstone Commercial in the fourth quarter valued at $182,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Gladstone Commercial by 192.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,316 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 6,794 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Gladstone Commercial Co. (GOOD) President Robert G. Cutlip Acquires 500 Shares” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2019/03/18/gladstone-commercial-co-good-president-robert-g-cutlip-acquires-500-shares.html.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2019, Gladstone Commercial has paid 168 consecutive monthly cash distributions on its common stock.

Recommended Story: How is the S&P 500 index different from the DJIA?

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

Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with MarketBeat.com's FREE daily email newsletter.