Short Interest in Gladstone Commercial Co. (NASDAQ:GOOD) Grows By 14.6%

Gladstone Commercial Co. (NASDAQ:GOOD) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 742,200 shares, a growth of 14.6% from the October 31st total of 647,600 shares. Based on an average daily trading volume, of 235,300 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Upgrades and Downgrades

GOOD has been the subject of several research analyst reports. Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th. StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Monday. 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 hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in shares of Gladstone Commercial during the 2nd quarter valued at about $33,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gladstone Commercial by 68.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 2,885 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Gladstone Commercial during the 2nd quarter valued at $127,000. Atomi Financial Group Inc. acquired a new stake in shares of Gladstone Commercial during the 2nd quarter worth $158,000. Finally, American Century Companies Inc. raised its position in shares of Gladstone Commercial by 21.8% in the 2nd 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. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Price Performance

Shares of NASDAQ GOOD traded down $0.27 during trading on Tuesday, reaching $17.25. The company had a trading volume of 56,883 shares, compared to its average volume of 243,792. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. The stock has a market capitalization of $757.62 million, a PE ratio of 87.60, a price-to-earnings-growth ratio of 2.05 and a beta of 1.24. Gladstone Commercial has a twelve month low of $11.89 and a twelve month high of $17.88. The stock has a 50-day moving average price of $16.53 and a two-hundred day moving average price of $15.33.

Gladstone Commercial Dividend Announcement

The firm also recently declared 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 dividend yield of 6.96%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Commercial’s dividend payout ratio is presently 600.00%.

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.