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

Gladstone Commercial Co. (NASDAQ:GOOD) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 569,000 shares, an increase of 18.0% from the September 15th total of 482,100 shares. Based on an average daily volume of 280,000 shares, the days-to-cover ratio is presently 2.0 days.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. B. Riley reaffirmed a “neutral” rating and set a $15.00 price objective (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. Finally, Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Gladstone Commercial by 1.3% in the first quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock valued at $55,999,000 after purchasing an additional 53,802 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Gladstone Commercial by 2.5% in the second quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock valued at $20,122,000 after buying an additional 34,400 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Gladstone Commercial by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 567,878 shares of the real estate investment trust’s stock valued at $8,103,000 after buying an additional 14,452 shares during the last quarter. LSV Asset Management grew its stake in shares of Gladstone Commercial by 1.5% during the 2nd quarter. LSV Asset Management now owns 327,900 shares of the real estate investment trust’s stock worth $4,679,000 after acquiring an additional 4,800 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Gladstone Commercial by 13.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 160,270 shares of the real estate investment trust’s stock worth $2,218,000 after acquiring an additional 18,587 shares during the last quarter. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Stock Performance

Shares of GOOD stock traded up $0.18 during trading on Wednesday, hitting $16.49. The company’s stock had a trading volume of 157,685 shares, compared to its average volume of 244,407. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 4.95. The company has a market cap of $660.49 million, a PE ratio of -85.84, a P/E/G ratio of 1.94 and a beta of 1.21. The business has a fifty day moving average of $15.46 and a 200-day moving average of $14.59. Gladstone Commercial has a 52 week low of $11.40 and a 52 week high of $16.58.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). The business had revenue of $37.06 million during the quarter, compared to the consensus estimate of $35.89 million. Gladstone Commercial had a net margin of 7.90% and a return on equity of 7.34%. During the same quarter last year, the company earned $0.41 EPS. As a group, research analysts anticipate that Gladstone Commercial will post 1.38 earnings per share for the current year.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial’s payout ratio is -631.58%.

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.