Gladstone Commercial (NASDAQ:GOOD) CFO Buys $86,269.50 in Stock

Gladstone Commercial Corporation (NASDAQ:GOOD) CFO Gary Gerson acquired 8,550 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were bought at an average price of $10.09 per share, for a total transaction of $86,269.50. Following the transaction, the chief financial officer owned 32,025 shares of the company’s stock, valued at $323,132.25. This trade represents a 36.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Gladstone Commercial Price Performance

Shares of NASDAQ:GOOD opened at $9.85 on Friday. The firm’s 50 day moving average price is $12.14 and its 200-day moving average price is $12.33. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 5.82. The stock has a market capitalization of $478.51 million, a PE ratio of 6.98 and a beta of 1.09. Gladstone Commercial Corporation has a twelve month low of $9.85 and a twelve month high of $13.28.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.15). The business had revenue of $42.42 million during the quarter, compared to the consensus estimate of $42.56 million. Gladstone Commercial had a return on equity of 11.58% and a net margin of 10.81%. Equities research analysts expect that Gladstone Commercial Corporation will post 1.42 EPS for the current year.

Gladstone Commercial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.2%. Gladstone Commercial’s dividend payout ratio (DPR) is 923.08%.

Analysts Set New Price Targets

Several analysts recently weighed in on GOOD shares. Weiss Ratings lowered Gladstone Commercial from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, November 4th. Wall Street Zen cut Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. Huntington initiated coverage on shares of Gladstone Commercial in a research note on Tuesday, November 3rd. They issued a “hold” rating on the stock. Finally, B. Riley Financial restated a “neutral” rating and set a $11.50 price target (down from $12.50) on shares of Gladstone Commercial in a research note on Wednesday, November 4th. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.25.

Institutional Trading of Gladstone Commercial

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Gladstone Commercial in the second quarter worth about $55,101,000. Dimensional Fund Advisors LP lifted its holdings in shares of Gladstone Commercial by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 657,267 shares of the real estate investment trust’s stock valued at $7,512,000 after buying an additional 21,502 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Gladstone Commercial in the 2nd quarter valued at about $2,648,000. Quantinno Capital Management LP boosted its position in Gladstone Commercial by 24.7% in the 1st quarter. Quantinno Capital Management LP now owns 182,555 shares of the real estate investment trust’s stock worth $2,087,000 after purchasing an additional 36,156 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Gladstone Commercial by 4.2% during the 1st quarter. Swiss National Bank now owns 95,700 shares of the real estate investment trust’s stock worth $1,094,000 after purchasing an additional 3,900 shares during the period. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT) that owns and leases commercial properties in the United States. Its portfolio includes industrial and office properties, with an emphasis on properties leased to business tenants under long-term agreements. The company generally uses net leases, under which tenants may be responsible for certain property expenses such as taxes, insurance and maintenance. Gladstone Commercial was founded in 2003 and is externally managed by an affiliate of Gladstone Management Corporation.