Gladstone Commercial CFO Gerson buys $2,728 in company stock

Gary Gerson, the Chief Financial Officer of Gladstone Commercial Corp (NASDAQ:GOOD), recently acquired 175 shares of the company’s common stock. The shares were purchased at a weighted average price of $15.59, with the total transaction amounting to $2,728. The purchase comes as the company maintains its impressive 23-year streak of consistent dividend payments, currently offering a substantial 7.63% yield. According to InvestingPro analysis, the stock appears slightly overvalued at current levels, though it benefits from low price volatility. Following this purchase, Gerson holds 14,900 shares directly. Additionally, there are 552 shares held indirectly by his spouse, though Gerson disclaims beneficial ownership of these shares. The company, with a market capitalization of $693 million, has demonstrated strong financial health metrics. For deeper insights into Gladstone Commercial’s valuation and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities with detailed analysis and actionable intelligence.

In other recent news, Gladstone Commercial Corporation reported its fourth-quarter 2024 earnings, which exceeded expectations with earnings per share (EPS) of $0.09, surpassing the forecasted $0.06. However, revenue came in slightly below projections at $37.45 million against an anticipated $37.92 million. The company’s full-year funds from operations (FFO) reached $1.41 per share. Lucid (NASDAQ:LCID) Capital Markets adjusted its outlook on Gladstone, reducing the price target from $17.00 to $16.50, while maintaining a neutral stock rating following these earnings results. Lucid analysts expressed concerns about Gladstone’s ability to cover its annual dividend of $1.20 per share, projecting a 100% payout in 2025. They suggested that waiving estimated incentive fees could potentially add approximately $0.07 per share to earnings. Furthermore, Gladstone issued $75 million in unsecured notes at a fixed rate of 6.47% to pay down a floating rate line of credit. This financial move has led analysts to revise their expectations for the company’s core FFO for 2025, decreasing the estimate from $1.38 to $1.31 per share.

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