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

Gladstone Commercial Co. (NASDAQ:GOOD) was the target of a large increase in short interest in 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 company’s stock are sold short. Based on an average trading volume of 317,700 shares, the short-interest ratio is currently 2.7 days.

Gladstone Commercial Stock Performance

Shares of Gladstone Commercial stock traded up $0.01 during trading hours on Tuesday, hitting $15.06. 702,312 shares of the company’s stock traded hands, compared to its average volume of 267,193. Gladstone Commercial has a 12-month low of $12.85 and a 12-month high of $17.88. The stock has a market capitalization of $665.55 million, a price-to-earnings ratio of 57.92, a PEG ratio of 1.82 and a beta of 1.24. The company has a fifty day simple moving average of $15.95 and a 200-day simple moving average of $16.21. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54.

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

Gladstone Commercial Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a dividend of $0.10 per share. This represents a dividend yield of 7.48%. The ex-dividend date was Friday, January 24th. Gladstone Commercial’s dividend payout ratio is presently 461.54%.

Institutional Investors Weigh In On Gladstone Commercial

Several large investors have recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in Gladstone Commercial by 0.6% in the 4th quarter. LPL Financial LLC now owns 117,327 shares of the real estate investment trust’s stock worth $1,905,000 after acquiring an additional 710 shares during the last quarter. Arizona State Retirement System increased its holdings in Gladstone Commercial by 7.0% in the 4th quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 811 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in Gladstone Commercial by 8.0% during the 4th quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 908 shares in the last quarter. Register Financial Advisors LLC grew its holdings in Gladstone Commercial by 2.2% during the 4th quarter. Register Financial Advisors LLC now owns 53,342 shares of the real estate investment trust’s stock valued at $866,000 after buying an additional 1,166 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Gladstone Commercial by 6.5% during the 4th quarter. State of Alaska Department of Revenue now owns 20,246 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 1,242 shares in the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Wall Street Analyst Weigh In

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

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.