Short Interest in Gladstone Commercial Co. (NASDAQ:GOOD) Grows By 36.9%

Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 920,500 shares, an increase of 36.9% from the December 31st total of 672,600 shares. Based on an average trading volume of 240,100 shares, the days-to-cover ratio is currently 3.8 days.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com downgraded shares of Gladstone Commercial from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Canaccord Genuity Group raised Gladstone Commercial to a "strong-buy" rating in a research report on Friday, October 4th. Finally, B. Riley reiterated a "neutral" rating and set a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th.

Institutional Investors Weigh In On Gladstone Commercial

A number of hedge funds have recently made changes to their positions in GOOD. Geode Capital Management LLC boosted its stake 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 in the last quarter. State Street Corp lifted its position in 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 lifted its position in 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. grew its holdings in Gladstone Commercial by 36.5% during 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 last quarter. Finally, JPMorgan Chase & Co. increased its position in Gladstone Commercial by 78.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust's stock valued at $2,941,000 after acquiring an additional 79,893 shares in the last quarter. Institutional investors and hedge funds own 45.51% of the company's stock.

Gladstone Commercial Price Performance

Shares of Gladstone Commercial stock traded up $0.19 during trading on Thursday, hitting $16.23. 82,794 shares of the company's stock traded hands, compared to its average volume of 199,438. The company has a market cap of $712.60 million, a PE ratio of 81.15, a PEG ratio of 1.86 and a beta of 1.25. The firm's fifty day moving average price is $16.51 and its 200 day moving average price is $15.93. Gladstone Commercial has a twelve month low of $11.89 and a twelve month high of $17.88. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54.

Gladstone Commercial Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 27th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a dividend yield of 7.48%. Gladstone Commercial's 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.