Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Update

Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 621,700 shares, a growth of 20.6% from the March 15th total of 515,500 shares. Currently, 1.4% of the company's shares are short sold. Based on an average daily trading volume, of 384,800 shares, the short-interest ratio is presently 1.6 days.

Gladstone Commercial Trading Up 0.3 %

Shares of GOOD stock traded up $0.04 during trading on Wednesday, hitting $14.12. 392,157 shares of the stock traded hands, compared to its average volume of 293,549. The firm has a market capitalization of $646.09 million, a P/E ratio of 54.31, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. Gladstone Commercial has a 52-week low of $12.67 and a 52-week high of $17.88. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. The firm's fifty day moving average price is $14.86 and its 200-day moving average price is $15.90.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.11 by $0.24. The business had revenue of $37.38 million for the quarter, compared to analyst estimates of $38.04 million. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. As a group, research analysts forecast that Gladstone Commercial will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.10 per share. This represents a dividend yield of 8.5%. The ex-dividend date is Monday, April 21st. Gladstone Commercial's dividend payout ratio is presently 461.54%.

Hedge Funds Weigh In On Gladstone Commercial

Several large investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in Gladstone Commercial by 3.6% during the third quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust's stock worth $17,074,000 after purchasing an additional 36,616 shares in the last quarter. Barclays PLC boosted its holdings 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 valued at $1,009,000 after acquiring an additional 47,456 shares during the period. Geode Capital Management LLC grew its position in Gladstone Commercial by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,098,176 shares of the real estate investment trust's stock valued at $17,837,000 after acquiring an additional 34,017 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Gladstone Commercial by 78.9% during the third quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust's stock worth $2,941,000 after purchasing an additional 79,893 shares during the period. Finally, Atomi Financial Group Inc. lifted its position 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 purchasing an additional 908 shares in the last quarter. 45.51% of the stock is currently owned by institutional investors and hedge funds.

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.