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

Gladstone Commercial Co. (NASDAQ:GOOD) was the target of a large increase in short interest in 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 presently 3.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. bought a new position in Gladstone Commercial during the 4th quarter worth approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Gladstone Commercial by 68.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 2,885 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Gladstone Commercial by 21.8% in the second quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 2,210 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Gladstone Commercial during the 4th quarter valued at $192,000. Finally, Atomi Financial Group Inc. boosted its position 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 during the period. 45.51% of the stock is owned by institutional investors.

Gladstone Commercial Trading Up 0.5 %

Shares of GOOD opened at $16.21 on Friday. Gladstone Commercial has a fifty-two week low of $11.89 and a fifty-two week high of $17.88. The firm has a market cap of $711.94 million, a price-to-earnings ratio of 81.05, a PEG ratio of 1.85 and a beta of 1.25. The firm has a 50 day moving average price of $16.49 and a 200-day moving average price of $15.94. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54.

Gladstone Commercial Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a dividend of $0.10 per share. The ex-dividend date was Friday, January 24th. This represents a yield of 7.48%. Gladstone Commercial’s payout ratio is 600.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. B. Riley restated a “neutral” rating and set a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Finally, Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th.

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.