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

Gladstone Commercial Co. (NASDAQ:GOOD) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 569,000 shares, a growth of 18.0% from the September 15th total of 482,100 shares. Based on an average daily volume of 280,000 shares, the short-interest ratio is presently 2.0 days.

Gladstone Commercial Stock Performance

Shares of NASDAQ:GOOD traded up $0.19 during trading on Wednesday, hitting $16.50. 246,251 shares of the company were exchanged, compared to its average volume of 244,850. Gladstone Commercial has a 52-week low of $11.40 and a 52-week high of $16.58. The stock has a 50 day moving average of $15.46 and a 200 day moving average of $14.59. The company has a debt-to-equity ratio of 4.95, a current ratio of 3.29 and a quick ratio of 3.29. The company has a market cap of $660.89 million, a PE ratio of -85.84, a P/E/G ratio of 1.94 and a beta of 1.21.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.37). Gladstone Commercial had a return on equity of 7.34% and a net margin of 7.90%. The business had revenue of $37.06 million for the quarter, compared to analysts’ expectations of $35.89 million. During the same period in the previous year, the firm posted $0.41 EPS. As a group, equities research analysts predict that Gladstone Commercial will post 1.38 EPS for the current year.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.10 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.20 annualized dividend and a yield of 7.27%. Gladstone Commercial’s dividend payout ratio (DPR) is presently -631.58%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GOOD. International Assets Investment Management LLC purchased a new stake in Gladstone Commercial in the second quarter worth approximately $33,000. Central Pacific Bank Trust Division bought a new position in shares of Gladstone Commercial during the first quarter valued at approximately $64,000. PNC Financial Services Group Inc. lifted its stake in Gladstone Commercial by 68.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,948 shares of the real estate investment trust’s stock worth $92,000 after acquiring an additional 2,828 shares during the period. Evermay Wealth Management LLC boosted its holdings in Gladstone Commercial by 82.4% in the first quarter. Evermay Wealth Management LLC now owns 7,690 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 3,475 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Gladstone Commercial during the 1st quarter valued at $113,000. Institutional investors own 45.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th. StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, B. Riley reaffirmed 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.

Gladstone Commercial Company Profile

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.