Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Down 12.6% in November

Gladstone Commercial Co. (NASDAQ:GOOD) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 648,900 shares, a decrease of 12.6% from the November 15th total of 742,200 shares. Based on an average daily trading volume, of 236,400 shares, the short-interest ratio is currently 2.7 days.

Gladstone Commercial Stock Performance

Shares of NASDAQ GOOD opened at $16.85 on Friday. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54. Gladstone Commercial has a one year low of $11.89 and a one year high of $17.88. The business’s 50-day moving average price is $16.70 and its two-hundred day moving average price is $15.49. The company has a market capitalization of $740.05 million, a P/E ratio of 84.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24.

Gladstone Commercial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a yield of 7.12%. Gladstone Commercial’s dividend payout ratio is currently 600.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GOOD shares. Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th. StockNews.com upgraded Gladstone Commercial from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Finally, B. Riley reaffirmed a “neutral” rating and set a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GOOD. International Assets Investment Management LLC bought a new stake in shares of Gladstone Commercial during the 2nd quarter worth about $33,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Gladstone Commercial by 68.2% in 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 during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Gladstone Commercial during the second quarter worth approximately $127,000. Atomi Financial Group Inc. acquired a new position in Gladstone Commercial during the second quarter valued at approximately $158,000. Finally, American Century Companies Inc. raised its position in shares of Gladstone Commercial by 21.8% in the second quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 2,210 shares during the period. Institutional investors own 45.51% of the company’s stock.

About Gladstone Commercial

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.