Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Up 36.9% in December

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GOOD. 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 upgraded shares of Gladstone Commercial to a "strong-buy" rating in a report on Friday, October 4th. Finally, B. Riley reissued a "neutral" rating and issued a $15.00 price objective (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th.

Gladstone Commercial Stock Performance

Shares of NASDAQ GOOD traded up $0.20 during mid-day trading on Thursday, hitting $16.31. The company had a trading volume of 75,190 shares, compared to its average volume of 177,124. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. Gladstone Commercial has a 1 year low of $11.89 and a 1 year high of $17.88. The company has a market capitalization of $716.12 million, a price-to-earnings ratio of 81.53, a P/E/G ratio of 1.81 and a beta of 1.25. The stock's 50-day moving average price is $16.67 and its 200-day moving average price is $15.80.

Gladstone Commercial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 19th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 19th. This represents a $1.20 annualized dividend and a yield of 7.36%. Gladstone Commercial's dividend payout ratio is currently 600.00%.

Institutional Trading of Gladstone Commercial

A number of large investors have recently modified their holdings of GOOD. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Gladstone Commercial by 68.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust's stock worth $116,000 after buying an additional 2,885 shares during the period. American Century Companies Inc. raised its holdings in Gladstone Commercial by 21.8% during the 2nd quarter. American Century Companies Inc. now owns 12,337 shares of the real estate investment trust's stock valued at $176,000 after buying an additional 2,210 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Gladstone Commercial in the third quarter valued at about $226,000. The Manufacturers Life Insurance Company raised its stake in shares of Gladstone Commercial by 12.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,039 shares of the real estate investment trust's stock valued at $229,000 after acquiring an additional 1,795 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Gladstone Commercial during the second quarter worth about $252,000. Institutional investors own 45.51% of the company's stock.

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.