Gladstone Commercial Co. (GOOD) CFO Michael Sodo Buys 1,200 Shares

Gladstone Commercial Co. (NASDAQ:GOOD) CFO Michael Sodo bought 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $21,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gladstone Commercial Co. (NASDAQ GOOD) traded down $0.41 during trading hours on Tuesday, reaching $17.24. 240,086 shares of the company traded hands, compared to its average volume of 193,561. The company has a market capitalization of $501.61, a PE ratio of -101.41, a P/E/G ratio of 1.82 and a beta of 0.74. Gladstone Commercial Co. has a twelve month low of $17.05 and a twelve month high of $23.35. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.96.

The business also recently declared a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 22nd were issued a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 8.70%. The ex-dividend date was Friday, January 19th. Gladstone Commercial’s dividend payout ratio (DPR) is currently -882.30%.

Several brokerages recently commented on GOOD. B. Riley set a $19.00 target price on shares of Gladstone Commercial and gave the stock a “hold” rating in a research note on Thursday, February 15th. ValuEngine downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. BidaskClub downgraded shares of Gladstone Commercial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Finally, Hilliard Lyons raised shares of Gladstone Commercial from a “neutral” rating to a “long” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.50.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Gladstone Commercial by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,910,745 shares of the real estate investment trust’s stock valued at $63,425,000 after acquiring an additional 81,609 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Gladstone Commercial by 6.1% in the fourth quarter. Renaissance Technologies LLC now owns 2,428,399 shares of the real estate investment trust’s stock valued at $51,142,000 after acquiring an additional 139,729 shares in the last quarter. BlackRock Inc. boosted its holdings in Gladstone Commercial by 2.7% in the fourth quarter. BlackRock Inc. now owns 2,183,087 shares of the real estate investment trust’s stock valued at $45,975,000 after acquiring an additional 57,563 shares in the last quarter. State Street Corp boosted its holdings in Gladstone Commercial by 14.4% in the second quarter. State Street Corp now owns 539,308 shares of the real estate investment trust’s stock valued at $11,754,000 after acquiring an additional 67,863 shares in the last quarter. Finally, Fiduciary Financial Services of The Southwest Inc. TX boosted its holdings in Gladstone Commercial by 1.4% in the fourth quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 413,664 shares of the real estate investment trust’s stock valued at $8,712,000 after acquiring an additional 5,763 shares in the last quarter. Institutional investors and hedge funds own 53.67% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Gladstone Commercial Co. (GOOD) CFO Michael Sodo Buys 1,200 Shares” was first published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.thelincolnianonline.com/2018/02/20/gladstone-commercial-co-good-cfo-michael-sodo-buys-1200-shares.html.

About Gladstone Commercial

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 (NASDAQ:GOOD)

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.

Leave a Reply