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

Gladstone Commercial Co. (NASDAQ:GOOD) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 859,800 shares, an increase of 24.5% from the February 13th total of 690,800 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 317,700 shares, the days-to-cover ratio is currently 2.7 days.

Gladstone Commercial Stock Performance

GOOD traded up $0.16 on Monday, hitting $15.05. The company had a trading volume of 464,597 shares, compared to its average volume of 265,389. The company’s fifty day moving average price is $15.97 and its 200 day moving average price is $16.21. Gladstone Commercial has a 1-year low of $12.85 and a 1-year high of $17.88. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. The stock has a market cap of $665.10 million, a price-to-earnings ratio of 57.88, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.24. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The company had revenue of $37.38 million during the quarter, compared to analyst estimates of $38.04 million. Equities analysts predict that Gladstone Commercial will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were issued 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 dividend payout ratio (DPR) is presently 461.54%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in shares of Gladstone Commercial by 51.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 667,966 shares of the real estate investment trust’s stock valued at $10,848,000 after purchasing an additional 226,602 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Gladstone Commercial by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 4,283,840 shares of the real estate investment trust’s stock valued at $69,570,000 after purchasing an additional 213,281 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Gladstone Commercial by 64.2% in the fourth quarter. JPMorgan Chase & Co. now owns 297,473 shares of the real estate investment trust’s stock valued at $4,831,000 after purchasing an additional 116,355 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Gladstone Commercial in the fourth quarter valued at $1,471,000. Finally, Northern Trust Corp raised its stake in shares of Gladstone Commercial by 22.2% in the fourth quarter. Northern Trust Corp now owns 455,385 shares of the real estate investment trust’s stock valued at $7,395,000 after purchasing an additional 82,684 shares in the last quarter. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

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.