Gladstone Commercial Co. (NASDAQ:GOOD) Sees Large Increase in Short Interest

Gladstone Commercial Co. (NASDAQ:GOOD) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 742,200 shares, a growth of 14.6% from the October 31st total of 647,600 shares. Based on an average trading volume of 235,300 shares, the short-interest ratio is currently 3.2 days.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GOOD shares. Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th. StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Monday. Finally, B. Riley reissued a “neutral” rating and set a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th.

Gladstone Commercial Stock Performance

NASDAQ:GOOD traded down $0.27 during trading hours on Tuesday, reaching $17.25. 56,883 shares of the stock were exchanged, compared to its average volume of 243,792. Gladstone Commercial has a 52 week low of $11.89 and a 52 week high of $17.88. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10. The stock has a market capitalization of $757.62 million, a P/E ratio of 87.60, a P/E/G ratio of 2.05 and a beta of 1.24. The firm has a 50 day simple moving average of $16.53 and a 200-day simple moving average of $15.33.

Gladstone Commercial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.96%. Gladstone Commercial’s dividend payout ratio (DPR) is 600.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GOOD. International Assets Investment Management LLC bought a new position in Gladstone Commercial in the second quarter worth about $33,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gladstone Commercial by 68.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 2,885 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Gladstone Commercial during the second quarter worth about $127,000. Atomi Financial Group Inc. acquired a new stake in shares of Gladstone Commercial in the 2nd quarter worth about $158,000. Finally, American Century Companies Inc. boosted its stake in Gladstone Commercial by 21.8% during the 2nd 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. 45.51% of the stock is owned by institutional investors and hedge funds.

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.