Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Update

Gladstone Commercial Co. (NASDAQ:GOOD) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 920,500 shares, a growth of 36.9% from the December 31st total of 672,600 shares. Based on an average trading volume of 240,100 shares, the short-interest ratio is presently 3.8 days.

Wall Street Analyst Weigh In

Several research firms have commented on GOOD. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th. StockNews.com downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, B. Riley reissued a “neutral” rating and issued a $15.00 price objective (up previously from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th.

Institutional Investors Weigh In On Gladstone Commercial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Gladstone Commercial in the fourth quarter worth about $43,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Gladstone Commercial by 68.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 2,885 shares in the last quarter. American Century Companies Inc. boosted its stake in Gladstone Commercial by 21.8% in the 2nd quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock worth $176,000 after purchasing an additional 2,210 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Gladstone Commercial during the 4th quarter valued at about $192,000. Finally, Atomi Financial Group Inc. increased its position in shares of Gladstone Commercial by 8.0% during the fourth quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 908 shares during the period. 45.51% of the stock is currently owned by institutional investors.

Gladstone Commercial Trading Up 0.5 %

NASDAQ:GOOD opened at $16.21 on Friday. The firm’s 50 day moving average is $16.49 and its 200 day moving average is $15.94. Gladstone Commercial has a 12 month low of $11.89 and a 12 month high of $17.88. The stock has a market capitalization of $711.94 million, a PE ratio of 81.05, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10.

Gladstone Commercial Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 7.48%. Gladstone Commercial’s payout ratio is 600.00%.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.