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

Gladstone Commercial Co. (NASDAQ:GOOD) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 920,500 shares, a growth of 36.9% from the December 15th total of 672,600 shares. Based on an average daily volume of 240,100 shares, the days-to-cover ratio is presently 3.8 days.

Analysts Set New Price Targets

Several analysts recently issued reports on GOOD shares. B. Riley reissued a “neutral” rating and issued a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th. Finally, StockNews.com downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Gladstone Commercial Stock Performance

GOOD opened at $16.31 on Friday. 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 business’s 50 day moving average is $16.64 and its 200-day moving average is $15.82. The stock has a market cap of $716.34 million, a PE ratio of 81.55, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25. Gladstone Commercial has a twelve month low of $11.89 and a twelve month high of $17.88.

Gladstone Commercial Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 24th. Gladstone Commercial’s payout ratio is currently 600.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GOOD. Geode Capital Management LLC lifted its holdings in Gladstone Commercial by 3.2% in the third quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust’s stock worth $17,837,000 after purchasing an additional 34,017 shares during the period. State Street Corp raised its position in shares of Gladstone Commercial by 3.6% during the 3rd quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust’s stock worth $17,074,000 after buying an additional 36,616 shares in the last quarter. Barclays PLC raised its position in shares of Gladstone Commercial by 323.4% during the 3rd quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust’s stock worth $1,009,000 after buying an additional 47,456 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $7,168,000 after acquiring an additional 117,988 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of Gladstone Commercial in the third quarter valued at approximately $2,306,000. Institutional investors own 45.51% of the company’s stock.

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.