Gladstone Commercial Co. (NASDAQ:GOOD – Get Free Report) 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.
Check Out Our Latest Research Report on GOOD
Institutional Inflows and Outflows
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 – Get Free Report) 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.
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