Gladstone Commercial Co. (NASDAQ:GOOD) President Arthur S. Cooper Acquires 3,600 Shares

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. XML Financial LLC purchased a new stake in shares of Gladstone Commercial in the third quarter worth $8,125,000. LPL Financial LLC grew its stake in Gladstone Commercial by 888.5% in the second quarter. LPL Financial LLC now owns 266,339 shares of the real estate investment trust’s stock worth $5,018,000 after purchasing an additional 239,396 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Gladstone Commercial in the 3rd quarter valued at about $3,523,000. Renaissance Technologies LLC lifted its position in shares of Gladstone Commercial by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,207,120 shares of the real estate investment trust’s stock worth $48,601,000 after purchasing an additional 133,700 shares during the period. Finally, HBK Sorce Advisory LLC lifted its position in shares of Gladstone Commercial by 100.1% in the 4th quarter. HBK Sorce Advisory LLC now owns 202,466 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 101,259 shares during the period. 45.84% of the stock is currently owned by institutional investors.

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

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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.