Gladstone Commercial Corporation (NASDAQ:GOOD) President Robert G. Cutlip acquired 1,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were bought at an average price of $20.70 per share, for a total transaction of $20,700.00. Following the acquisition, the president now owns 36,300 shares in the company, valued at approximately $751,410. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) traded up 0.63% during trading on Monday, hitting $20.80. The stock had a trading volume of 182,369 shares. The firm’s market cap is $574.95 million. Gladstone Commercial Corporation has a 1-year low of $16.02 and a 1-year high of $23.35.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date of this dividend is Tuesday, September 19th. Gladstone Commercial Corporation’s dividend payout ratio is currently -1,250.00%.

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A number of equities analysts have recently weighed in on GOOD shares. Hilliard Lyons downgraded Gladstone Commercial Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, May 3rd. Canaccord Genuity started coverage on Gladstone Commercial Corporation in a report on Tuesday, July 18th. They issued a “hold” rating and a $22.00 target price on the stock. BidaskClub downgraded Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research upgraded Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, DA Davidson started coverage on Gladstone Commercial Corporation in a report on Tuesday, July 25th. They issued a “buy” rating and a $24.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Gladstone Commercial Corporation presently has a consensus rating of “Hold” and an average target price of $22.67.

Large investors have recently added to or reduced their stakes in the company. Creative Planning raised its stake in Gladstone Commercial Corporation by 11.7% in the second quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 517 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Gladstone Commercial Corporation by 99.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,511 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Gladstone Commercial Corporation by 4.5% in the second quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 350 shares in the last quarter. Bank of America Corp DE raised its stake in Gladstone Commercial Corporation by 44.0% in the first quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 3,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Gladstone Commercial Corporation by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 910 shares in the last quarter. 48.19% of the stock is currently owned by institutional investors.

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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