Gladstone Commercial Corporation (GOOD) President Acquires $10,850.00 in Stock

Gladstone Commercial Corporation (NASDAQ:GOOD) President Robert G. Cutlip bought 500 shares of Gladstone Commercial Corporation stock in a transaction on Tuesday, September 12th. The shares were acquired at an average cost of $21.70 per share, with a total value of $10,850.00. Following the completion of the acquisition, the president now owns 36,800 shares of the company’s stock, valued at approximately $798,560. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) traded down 0.32% during mid-day trading on Friday, hitting $21.74. 467,903 shares of the stock were exchanged. The stock’s 50-day moving average price is $21.13 and its 200-day moving average price is $21.05. The company’s market cap is $600.94 million. Gladstone Commercial Corporation has a 52-week low of $16.02 and a 52-week high of $23.35.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend is Tuesday, September 19th. Gladstone Commercial Corporation’s payout ratio is -1,250.00%.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio lifted its stake in Gladstone Commercial Corporation by 0.9% during the 1st quarter. Strs Ohio now owns 43,721 shares of the real estate investment trust’s stock valued at $903,000 after acquiring an additional 401 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Gladstone Commercial Corporation by 26.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 55,400 shares of the real estate investment trust’s stock valued at $1,146,000 after acquiring an additional 11,500 shares during the period. California Public Employees Retirement System lifted its stake in Gladstone Commercial Corporation by 1.0% during the 1st quarter. California Public Employees Retirement System now owns 31,500 shares of the real estate investment trust’s stock valued at $651,000 after acquiring an additional 300 shares during the period. Boston Partners lifted its stake in Gladstone Commercial Corporation by 2.6% during the 1st quarter. Boston Partners now owns 77,272 shares of the real estate investment trust’s stock valued at $1,597,000 after acquiring an additional 1,984 shares during the period. Finally, Martingale Asset Management L P lifted its stake in Gladstone Commercial Corporation by 9.4% during the 1st quarter. Martingale Asset Management L P now owns 123,311 shares of the real estate investment trust’s stock valued at $2,549,000 after acquiring an additional 10,600 shares during the period. Institutional investors and hedge funds own 49.07% of the company’s stock.

A number of analysts have commented on GOOD shares. Zacks Investment Research cut shares of Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. BidaskClub cut shares of Gladstone Commercial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Canaccord Genuity started coverage on shares of Gladstone Commercial Corporation in a report on Tuesday, July 18th. They set a “hold” rating and a $22.00 target price for the company. DA Davidson started coverage on shares of Gladstone Commercial Corporation in a report on Tuesday, July 25th. They set a “buy” rating and a $24.00 target price for the company. Finally, Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Gladstone Commercial Corporation in a report on Thursday, August 17th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.67.

Gladstone Commercial Corporation Company Profile

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 Corporation (NASDAQ:GOOD)

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