Gladstone Commercial Corporation (NASDAQ:GOOD) President Robert G. Cutlip bought 500 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was bought at an average price of $21.70 per share, for a total transaction of $10,850.00. Following the transaction, the president now directly owns 36,800 shares of the company’s stock, valued at $798,560. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Gladstone Commercial Corporation (GOOD) traded down 0.42% during trading on Wednesday, hitting $21.46. 103,717 shares of the stock traded hands. Gladstone Commercial Corporation has a 12 month low of $16.02 and a 12 month high of $23.35.

The business also recently declared a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be paid a $0.125 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $1.50 dividend on an annualized basis and a yield of 6.99%. Gladstone Commercial Corporation’s dividend payout ratio is presently -1,250.00%.

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A number of hedge funds have recently added to or reduced their stakes in GOOD. Creative Planning grew its stake in Gladstone Commercial Corporation by 11.7% in the 2nd quarter. Creative Planning now owns 4,928 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 517 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Gladstone Commercial Corporation by 99.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,032 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,511 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Gladstone Commercial Corporation by 4.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,190 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 350 shares in the last quarter. Bank of America Corp DE grew its stake in Gladstone Commercial Corporation by 44.0% in the 1st quarter. Bank of America Corp DE now owns 12,831 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 3,918 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Gladstone Commercial Corporation by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,488 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 910 shares in the last quarter. 49.07% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Canaccord Genuity cut their target price on shares of Gladstone Commercial Corporation from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Gladstone Commercial Corporation in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Gladstone Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Janney Montgomery Scott started coverage on shares of Gladstone Commercial Corporation in a research note on Friday, September 8th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.67.

About Gladstone Commercial Corporation

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.

Insider Buying and Selling by Quarter for Gladstone Commercial Corporation (NASDAQ:GOOD)

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