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

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

Gladstone Commercial Stock Up 1.4 %

Gladstone Commercial stock opened at $16.11 on Thursday. The stock has a market cap of $707.55 million, a PE ratio of 80.55, a P/E/G ratio of 1.81 and a beta of 1.25. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54. The stock’s fifty day moving average is $16.67 and its two-hundred day moving average is $15.80. Gladstone Commercial has a 1-year low of $11.89 and a 1-year high of $17.88.

Gladstone Commercial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 19th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date is Wednesday, March 19th. Gladstone Commercial’s dividend payout ratio (DPR) is 600.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GOOD shares. B. Riley reiterated a “neutral” rating and issued a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th. Finally, StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Hedge Funds Weigh In On Gladstone Commercial

Large investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. boosted its holdings in shares of Gladstone Commercial by 4.8% in the second quarter. Daiwa Securities Group Inc. now owns 19,087 shares of the real estate investment trust’s stock valued at $272,000 after acquiring an additional 867 shares during the period. American Century Companies Inc. grew its position 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 worth $176,000 after purchasing an additional 2,210 shares during 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 period. Renaissance Technologies LLC raised its holdings 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 last quarter. Finally, MQS Management LLC acquired a new stake in shares of Gladstone Commercial during the second quarter worth about $252,000. Institutional investors and hedge funds own 45.51% of the company’s stock.

About Gladstone Commercial

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.