Gladstone Commercial Corporation (NASDAQ:GOOD) President Robert G. Cutlip purchased 500 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average price of $21.60 per share, with a total value of $10,800.00. Following the completion of the transaction, the president now owns 38,200 shares of the company’s stock, valued at $825,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Gladstone Commercial Corporation (NASDAQ GOOD) traded up $0.15 during trading hours on Thursday, hitting $21.67. The stock had a trading volume of 172,400 shares, compared to its average volume of 177,928. Gladstone Commercial Corporation has a fifty-two week low of $18.73 and a fifty-two week high of $23.35. The company has a market capitalization of $596.23, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 2.35 and a beta of 0.86. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.68 and a current ratio of 0.68.
The firm also recently announced a monthly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were given a dividend of $0.125 per share. The ex-dividend date was Friday, November 17th. This represents a $1.50 annualized dividend and a dividend yield of 6.92%. Gladstone Commercial’s dividend payout ratio (DPR) is -5,000.00%.
A number of analysts recently issued reports on GOOD shares. Janney Montgomery Scott started coverage on Gladstone Commercial in a research report on Friday, September 8th. They issued a “buy” rating for the company. BidaskClub upgraded Gladstone Commercial from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Gladstone Commercial in a research report on Friday, December 1st. Zacks Investment Research downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, ValuEngine downgraded Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $23.33.
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About Gladstone Commercial
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.
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