Gladstone Commercial Co. (NASDAQ:GOOD) Director Paul W. Adelgren bought 600 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average price of $17.32 per share, with a total value of $10,392.00. Following the completion of the transaction, the director now directly owns 9,881 shares in the company, valued at approximately $171,138.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Gladstone Commercial Co. (NASDAQ:GOOD) traded down $0.41 during mid-day trading on Tuesday, reaching $17.24. 240,086 shares of the company were exchanged, compared to its average volume of 193,561. The firm has a market cap of $501.61, a PE ratio of -101.41, a price-to-earnings-growth 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 debt-to-equity ratio of 1.96, a quick ratio of 1.43 and a current ratio of 1.43.
The business also recently disclosed a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Monday, January 22nd were given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend was Friday, January 19th. Gladstone Commercial’s dividend payout ratio is -882.30%.
A number of hedge funds have recently added to or reduced their stakes in GOOD. QS Investors LLC acquired a new position in Gladstone Commercial during the 4th quarter worth approximately $133,000. Teacher Retirement System of Texas acquired a new position in Gladstone Commercial during the 4th quarter worth approximately $201,000. CAPROCK Group Inc. acquired a new position in Gladstone Commercial during the 4th quarter worth approximately $202,000. MetLife Investment Advisors LLC acquired a new position in Gladstone Commercial during the 4th quarter worth approximately $279,000. Finally, Virginia Retirement Systems ET AL acquired a new position in Gladstone Commercial during the 3rd quarter worth approximately $285,000. Institutional investors and hedge funds own 53.67% of the company’s stock.
Gladstone Commercial Company Profile
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.
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