Insider Trading in Focus: Gladstone Commercial Corporation $GOOD

45802158e78dd9584161629098018fe8

Gladstone Commercial Corporation (GOOD) insider have most recently took part in a trading activity. On Jan 9, 2018 Cutlip Robert G, President bought 500 shares having total worth of $10,310 at the price of $20.62 per share, following the transaction a total of 38,700 shares owned by Cutlip Robert G. Before this latest buy, Cutlip Robert G purchased GOOD at 12 other times during the past twelve months, for a total investment of $131,977 at an average of $20.99 per share.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 12 times by insiders. an employee of the company was the buyer in 12 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 0 -3.08%
12 Month 12 0 13.79%

Shares of Gladstone Commercial Corporation (GOOD) traded down 0.29% on Jan 4, 2018, hitting $20.47. 176,241 shares of the company’s stock traded hands. Gladstone Commercial Corporation has a 52 week low of $16.42 and a 52 week high of $23.13. The company’s market cap is $445 million.

Gladstone Commercial Corporation (GOOD) last announced its earnings results on Oct 31, 2017. The company reported 0.38 earnings per share (EPS) for the quarter. The company had revenue of $24 million for the quarter, compared to the consensus estimate of $24 million. During the same quarter in the previous year, the company posted 0.39 earnings per share. The company’s revenue for the quarter was up 13% on a year-over-year basis.

2017-10-31 2017-07-31 2017-05-02 2017-02-15 2016-10-31 2016-04-27 2016-02-17 2015-10-27 2015-08-03 2015-05-04
earnings per share 0.38 0.37 0.38 0.38 0.39 0.39 0.39 0.38 0.39 0.38
Revenue(M) 24.37 22.87 22.31 22.01 21.59 21.53 21.82 21.38 20.69 19.88

Gladstone Commercial Corporation is a real estate investment trust, or REIT, that was incorporated under the General Corporation Laws of the State of Maryland on February 14, 2003 primarily for the purpose of investing in and owning net leased industrial, commercial and retail real property and selectively making long-term industrial and commercial mortgage loans. The Company’s portfolio of real estate is leased to a wide cross section of tenants ranging from small businesses to large public companies, many of which are corporations that do not have publicly rated debt. It has historically entered into, and intends in the future to enter into, purchase agreements for real estate having triple net leases with terms of approximately 10 to 15 years and built in rental rate increases. Under a triple net lease, the tenant is required to pay all operating, maintenance and insurance costs and real estate taxes with respect to the leased property. The Company is actively communicating with buyout funds, real estate brokers and other third parties to locate properties for potential acquisition or to provide mortgage financing in an effort to build its portfolio. It currently owns 73 properties totaling 7.1 million square feet, which have a total gross and net carrying value, including intangible assets, of $513.7 million and $437.2 million, respectively. The Company does not currently have any mortgage loans outstanding. It controls its Operating Partnership through its ownership of GCLP Business Trust II, a Massachusetts business trust, which is the general partner of its Operating Partnership, and of GCLP Business Trust I, a Massachusetts business trust, which currently holds all of the limited partnership units of the Company’s Operating Partnership. It expects that its Operating Partnership may issue limited partnership units from time to time in exchange for industrial and commercial real property. The Company ‘s principal investment objectives are to generate income from rental properties and, to a much lesser extent, mortgage loans, which it uses to fund its continuing operations and to pay out monthly cash distributions to its stockholders. The Company competes with a number of other real estate companies and traditional mortgage lenders.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.