Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Up 24.5% in February

Gladstone Commercial Co. (NASDAQ:GOOD) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 859,800 shares, a growth of 24.5% from the February 13th total of 690,800 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 317,700 shares, the short-interest ratio is presently 2.7 days.

Gladstone Commercial Stock Performance

Shares of GOOD stock opened at $15.04 on Wednesday. The firm has a 50-day moving average of $15.93 and a 200-day moving average of $16.20. The company has a market cap of $664.66 million, a P/E ratio of 57.85, a P/E/G ratio of 1.82 and a beta of 1.24. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. Gladstone Commercial has a one year low of $12.85 and a one year high of $17.88.

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 for the quarter, beating the consensus estimate of $0.11 by $0.24. The company had revenue of $37.38 million during the quarter, compared to analyst estimates of $38.04 million. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. Equities research analysts forecast that Gladstone Commercial will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Institutional Investors Weigh In On Gladstone Commercial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its stake in Gladstone Commercial by 0.6% in the fourth quarter. LPL Financial LLC now owns 117,327 shares of the real estate investment trust’s stock valued at $1,905,000 after purchasing an additional 710 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Gladstone Commercial by 7.0% during the fourth quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 811 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of Gladstone Commercial by 8.0% during the fourth quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust’s stock worth $199,000 after acquiring an additional 908 shares in the last quarter. Register Financial Advisors LLC raised its stake in shares of Gladstone Commercial by 2.2% during the fourth quarter. Register Financial Advisors LLC now owns 53,342 shares of the real estate investment trust’s stock worth $866,000 after acquiring an additional 1,166 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Gladstone Commercial by 6.5% in the fourth quarter. State of Alaska Department of Revenue now owns 20,246 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 1,242 shares during the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.

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.