Gladstone Commercial Co. (NASDAQ:GOOD – Get Rating) President Arthur S. Cooper purchased 3,600 shares of the stock in a transaction dated Monday, March 6th. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $48,600.00. Following the completion of the acquisition, the president now owns 22,625 shares of the company’s stock, valued at approximately $305,437.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Gladstone Commercial Stock Down 1.7 %
Shares of NASDAQ GOOD opened at $13.53 on Tuesday. Gladstone Commercial Co. has a one year low of $12.87 and a one year high of $23.38. The company has a debt-to-equity ratio of 3.66, a current ratio of 5.26 and a quick ratio of 5.26. The firm’s 50 day simple moving average is $16.64 and its two-hundred day simple moving average is $17.49. The stock has a market capitalization of $541.02 million, a P/E ratio of -169.13, a PEG ratio of 1.48 and a beta of 1.12.
Gladstone Commercial Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date is Thursday, March 16th. Gladstone Commercial’s payout ratio is -1,500.00%.
Hedge Funds Weigh In On Gladstone Commercial
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on GOOD shares. B. Riley lowered their price target on shares of Gladstone Commercial from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, February 27th. EF Hutton Acquisition Co. I restated a “buy” rating and issued a $18.00 price objective (down from $20.00) on shares of Gladstone Commercial in a research report on Friday, February 24th. Finally, Janney Montgomery Scott cut shares of Gladstone Commercial from a “buy” rating to a “neutral” rating and set a $17.50 price objective on the stock. in a research report on Friday, January 13th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.83.
Gladstone Commercial Company Profile
Gladstone Commercial Corp. is a real estate investment trust, which engages in the acquisition, managing and ownership of office and industrial properties. Its portfolio consists of single-tenant commercial and industrial real properties. The company was founded by David John Gladstone on February 14, 2003 and is headquartered in McLean, VA.
- Get a free copy of the StockNews.com research report on Gladstone Commercial (GOOD)
- Go Where the Money Is. Here’s 3 Top Bank Dividend Stocks to Buy
- Another Catalyst For Mullen Automotive Stock
- Solar Tech-Services; Nextracker Should Be On Your Radar
- Is American Lithium a Safe Bet as Demand for Lithium Soars
- Highwoods Properties, High-quality Real Estate for a Discount
Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with MarketBeat.com's FREE daily email newsletter.