Gladstone Commercial Co. (NASDAQ:GOOD) President Robert G. Cutlip acquired 1,000 shares of Gladstone Commercial stock in a transaction dated Tuesday, March 24th. The stock was bought at an average price of $10.63 per share, with a total value of $10,630.00. Following the completion of the purchase, the president now directly owns 57,100 shares in the company, valued at $606,973. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Gladstone Commercial stock traded up $1.49 during mid-day trading on Thursday, hitting $13.55. The stock had a trading volume of 16,534 shares, compared to its average volume of 411,819. The firm has a market capitalization of $364.02 million, a P/E ratio of -84.50 and a beta of 0.82. The company has a current ratio of 7.90, a quick ratio of 7.90 and a debt-to-equity ratio of 2.97. The firm’s 50 day moving average is $18.17 and its 200 day moving average is $21.46. Gladstone Commercial Co. has a one year low of $7.59 and a one year high of $23.98.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.58). Gladstone Commercial had a net margin of 8.35% and a return on equity of 3.86%. The company had revenue of $29.39 million for the quarter, compared to the consensus estimate of $29.79 million. As a group, equities research analysts forecast that Gladstone Commercial Co. will post 1.58 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be issued a dividend of $0.1252 per share. This represents a $1.50 annualized dividend and a dividend yield of 11.08%. The ex-dividend date is Thursday, March 19th. Gladstone Commercial’s dividend payout ratio (DPR) is presently 94.94%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its position in Gladstone Commercial by 3,424.6% in the 4th quarter. Bank of Montreal Can now owns 120,506 shares of the real estate investment trust’s stock worth $2,634,000 after purchasing an additional 117,087 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Gladstone Commercial in the fourth quarter valued at approximately $1,155,000. State Street Corp boosted its stake in Gladstone Commercial by 7.0% in the third quarter. State Street Corp now owns 713,261 shares of the real estate investment trust’s stock valued at $16,762,000 after acquiring an additional 46,886 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Gladstone Commercial in the fourth quarter valued at approximately $493,000. Finally, Geode Capital Management LLC boosted its stake in Gladstone Commercial by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 432,420 shares of the real estate investment trust’s stock valued at $9,452,000 after acquiring an additional 20,156 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

GOOD has been the subject of several analyst reports. TheStreet lowered Gladstone Commercial from a “c-” rating to a “d+” rating in a research note on Thursday, March 19th. Zacks Investment Research lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. BidaskClub downgraded shares of Gladstone Commercial from a “sell” rating to a “strong sell” rating in a report on Thursday, March 12th. Finally, B. Riley dropped their target price on shares of Gladstone Commercial from $24.00 to $22.50 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Gladstone Commercial has a consensus rating of “Hold” and a consensus price target of $24.17.

Gladstone Commercial Company Profile

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 April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

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