Gladstone Commercial (NASDAQ:GOOD) Stock: Insider Gary Gerson Buys 8,550 Shares

Gladstone Commercial Corporation (NASDAQ:GOOD) CFO Gary Gerson purchased 8,550 shares of Gladstone Commercial stock in a transaction dated Monday, November 9th. The stock was bought at an average price of $10.09 per share, with a total value of $86,269.50. Following the completion of the transaction, the chief financial officer owned 32,025 shares of the company’s stock, valued at $323,132.25. This represents a 36.42% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Gladstone Commercial Stock Performance

NASDAQ:GOOD opened at $10.12 on Thursday. The company has a debt-to-equity ratio of 5.82, a quick ratio of 2.60 and a current ratio of 2.60. Gladstone Commercial Corporation has a 52-week low of $9.97 and a 52-week high of $13.28. The firm has a market cap of $491.63 million, a price-to-earnings ratio of 6.94 and a beta of 1.09. The business’s fifty day moving average is $12.21 and its 200 day moving average is $12.34.

Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.15). The company 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%. Research analysts predict that Gladstone Commercial Corporation will post 1.42 EPS for the current year.

Gladstone Commercial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, December 21st will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend is Monday, December 21st. Gladstone Commercial’s dividend payout ratio is presently 923.08%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Gladstone Commercial

A number of hedge funds have recently made changes to their positions in the business. CX Institutional bought a new position in shares of Gladstone Commercial during the 3rd quarter valued at $29,000. Fortitude Family Office LLC raised its position in Gladstone Commercial by 6,177.8% in the 3rd quarter. Fortitude Family Office LLC now owns 2,260 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,224 shares during the period. Trust Co. of Vermont purchased a new position in Gladstone Commercial in the 2nd quarter worth $40,000. GAMMA Investing LLC lifted its stake in Gladstone Commercial by 218.3% in the third quarter. GAMMA Investing LLC now owns 3,231 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,216 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Gladstone Commercial in the first quarter worth $46,000. 45.51% of the stock is currently owned by institutional investors.

About Gladstone Commercial

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.