Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Down 12.6% in November

Gladstone Commercial Co. (NASDAQ:GOOD) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 648,900 shares, a decline of 12.6% from the November 15th total of 742,200 shares. Based on an average daily volume of 236,400 shares, the short-interest ratio is currently 2.7 days.

Gladstone Commercial Stock Performance

GOOD remained flat at $16.66 during midday trading on Tuesday. 56,361 shares of the company’s stock were exchanged, compared to its average volume of 243,352. The company’s 50-day simple moving average is $16.72 and its 200-day simple moving average is $15.52. Gladstone Commercial has a twelve month low of $11.89 and a twelve month high of $17.88. The company has a market capitalization of $731.69 million, a price-to-earnings ratio of 83.30, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54.

Gladstone Commercial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date is Friday, December 20th. Gladstone Commercial’s payout ratio is 600.00%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Gladstone Commercial

A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in Gladstone Commercial by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock valued at $20,122,000 after purchasing an additional 34,400 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Gladstone Commercial by 3.2% during the third 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 buying an additional 34,017 shares during the last quarter. State Street Corp increased its position in shares of Gladstone Commercial by 3.6% during 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 acquiring an additional 36,616 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Gladstone Commercial by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 567,878 shares of the real estate investment trust’s stock worth $8,103,000 after acquiring an additional 14,452 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Gladstone Commercial by 36.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust’s stock valued at $7,168,000 after acquiring an additional 117,988 shares in the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.

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.