Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Update

Gladstone Commercial Co. (NASDAQ:GOOD) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 515,500 shares, a drop of 40.0% from the February 28th total of 859,800 shares. Based on an average daily trading volume, of 373,400 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Gladstone Commercial

Several hedge funds and other institutional investors have recently bought and sold shares of GOOD. Lazard Asset Management LLC purchased a new stake in Gladstone Commercial in the fourth quarter valued at approximately $42,000. Newbridge Financial Services Group Inc. purchased a new position in Gladstone Commercial during the fourth quarter worth about $43,000. Quarry LP acquired a new stake in shares of Gladstone Commercial in the 4th quarter valued at approximately $48,000. Ameriflex Group Inc. acquired a new stake in Gladstone Commercial in the fourth quarter valued at $97,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Gladstone Commercial during the fourth quarter worth about $112,000. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Commercial Trading Up 0.1 %

NASDAQ:GOOD traded up $0.02 on Friday, reaching $14.90. The company’s stock had a trading volume of 258,008 shares, compared to its average volume of 279,845. The stock has a 50 day moving average price of $15.74 and a 200 day moving average price of $16.18. The company has a quick ratio of 3.54, a current ratio of 5.68 and a debt-to-equity ratio of 4.05. Gladstone Commercial has a 12-month low of $12.85 and a 12-month high of $17.88. The firm has a market cap of $681.78 million, a price-to-earnings ratio of 57.31, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24.

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

Gladstone Commercial Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a $0.10 dividend. This represents a yield of 7.48%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Commercial’s dividend payout ratio (DPR) is 461.54%.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.