Insider Buying: Gladstone Commercial (NASDAQ:GOOD) CFO Acquires 8,550 Shares of Company Stock

Gladstone Commercial Corporation (NASDAQ:GOOD) CFO Gary Gerson acquired 8,550 shares of the stock in a transaction on Monday, November 9th. The stock was purchased at an average cost of $10.09 per share, with a total value of $86,269.50. Following the transaction, the chief financial officer directly owned 32,025 shares of the company’s stock, valued at $323,132.25. This represents a 36.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gladstone Commercial Stock Up 0.0%

GOOD stock traded up $0.01 during trading on Tuesday, reaching $10.23. The stock had a trading volume of 133,274 shares, compared to its average volume of 481,572. The company has a current ratio of 2.60, a quick ratio of 3.72 and a debt-to-equity ratio of 5.82. Gladstone Commercial Corporation has a 1-year low of $10.03 and a 1-year high of $13.28. The firm has a fifty day moving average price of $12.32 and a 200 day moving average price of $12.35. The company has a market capitalization of $497.22 million, a P/E ratio of 78.74 and a beta of 1.09.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). The business had revenue of $42.42 million for the quarter, compared to analyst estimates of $42.56 million. Gladstone Commercial had a net margin of 10.81% and a return on equity of 11.58%. On average, equities analysts anticipate that Gladstone Commercial Corporation will post 1.42 earnings per share for the current year.

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Monday, December 21st. Gladstone Commercial’s payout ratio is currently 923.08%.

Wall Street Analyst Weigh In

GOOD has been the topic of several research reports. B. Riley Financial reiterated a “neutral” rating and set a $11.50 price objective (down from $12.50) on shares of Gladstone Commercial in a research note on Wednesday, November 4th. Huntington began coverage on shares of Gladstone Commercial in a research note on Tuesday, November 3rd. They set a “hold” rating on the stock. Weiss Ratings downgraded Gladstone Commercial from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, November 4th. Finally, Wall Street Zen cut shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Saturday. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.25.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GOOD. BlackRock Inc. purchased a new position in Gladstone Commercial in the second quarter valued at about $55,101,000. Dimensional Fund Advisors LP raised its stake in shares of Gladstone Commercial by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 657,267 shares of the real estate investment trust’s stock worth $7,512,000 after purchasing an additional 21,502 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Gladstone Commercial during the 2nd quarter worth about $2,648,000. Quantinno Capital Management LP raised its stake in shares of Gladstone Commercial by 24.7% during the 1st quarter. Quantinno Capital Management LP now owns 182,555 shares of the real estate investment trust’s stock worth $2,087,000 after purchasing an additional 36,156 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Gladstone Commercial by 4.2% during the 1st quarter. Swiss National Bank now owns 95,700 shares of the real estate investment trust’s stock valued at $1,094,000 after buying an additional 3,900 shares during the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation (NASDAQ: GOOD) is a real estate investment trust (REIT) that owns, acquires, and manages income-producing commercial properties in the United States. The company primarily focuses on office and industrial real estate, including business parks, office buildings, manufacturing facilities, distribution properties, and other commercial assets.

Gladstone Commercial generally leases its properties to businesses under long-term agreements, with the goal of generating recurring rental income.