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

Gladstone Commercial Co. (NASDAQ:GOOD) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 920,500 shares, an increase of 36.9% from the December 31st total of 672,600 shares. Based on an average daily trading volume, of 240,100 shares, the short-interest ratio is currently 3.8 days.

Analyst Ratings Changes

GOOD has been the subject of several recent research reports. B. Riley reissued a “neutral” rating and issued a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th. Finally, StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Gladstone Commercial Trading Down 0.6 %

NASDAQ GOOD opened at $16.04 on Thursday. Gladstone Commercial has a 52 week low of $11.89 and a 52 week high of $17.88. The firm has a 50 day moving average of $16.52 and a two-hundred day moving average of $15.93. 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 $704.48 million, a PE ratio of 80.20, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25.

Gladstone Commercial Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 27th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, January 24th. This represents a dividend yield of 7.48%. Gladstone Commercial’s payout ratio is currently 600.00%.

Institutional Trading of Gladstone Commercial

A number of hedge funds and other institutional investors have recently bought and sold shares of GOOD. Geode Capital Management LLC increased its holdings in shares of Gladstone Commercial by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust’s stock valued at $17,837,000 after acquiring an additional 34,017 shares during the last quarter. State Street Corp boosted its holdings in Gladstone Commercial by 3.6% in the third quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock valued at $17,074,000 after purchasing an additional 36,616 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Gladstone Commercial by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 567,878 shares of the real estate investment trust’s stock valued at $8,103,000 after purchasing an additional 14,452 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Gladstone Commercial by 36.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock worth $7,168,000 after purchasing an additional 117,988 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Gladstone Commercial by 78.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust’s stock worth $2,941,000 after buying an additional 79,893 shares during the last quarter. 45.51% of the stock is currently 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.