Gladstone Commercial Corporation (NASDAQ:GOOD) President Robert G. Cutlip bought 500 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were bought at an average price of $22.41 per share, for a total transaction of $11,205.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Gladstone Commercial Corporation (GOOD) traded up 0.44% during trading on Wednesday, hitting $22.61. The stock had a trading volume of 110,561 shares. The firm has a 50 day moving average price of $21.79 and a 200 day moving average price of $21.35. Gladstone Commercial Corporation has a 12-month low of $16.02 and a 12-month high of $23.35. The firm’s market cap is $624.99 million.

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A number of institutional investors and hedge funds have recently made changes to their positions in GOOD. Vanguard Group Inc. boosted its stake in shares of Gladstone Commercial Corporation by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,910,745 shares of the real estate investment trust’s stock worth $63,425,000 after acquiring an additional 81,609 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Gladstone Commercial Corporation by 4.0% during the 2nd quarter. Renaissance Technologies LLC now owns 2,050,300 shares of the real estate investment trust’s stock worth $44,676,000 after acquiring an additional 79,100 shares in the last quarter. State Street Corp boosted its stake in shares of Gladstone Commercial Corporation by 14.4% during the 2nd quarter. State Street Corp now owns 539,308 shares of the real estate investment trust’s stock worth $11,754,000 after acquiring an additional 67,863 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX boosted its stake in shares of Gladstone Commercial Corporation by 9.8% during the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 407,864 shares of the real estate investment trust’s stock worth $8,887,000 after acquiring an additional 36,360 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Gladstone Commercial Corporation by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 349,662 shares of the real estate investment trust’s stock worth $7,619,000 after acquiring an additional 14,092 shares in the last quarter. 49.07% of the stock is currently owned by institutional investors.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Gladstone Commercial Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday. BidaskClub upgraded Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Canaccord Genuity lowered their target price on Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Gladstone Commercial Corporation in a research report on Thursday, August 17th. Finally, DA Davidson assumed coverage on Gladstone Commercial Corporation in a research report on Tuesday, July 25th. They set a “buy” rating and a $24.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.33.

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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