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

Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report) was the recipient of a significant 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. Based on an average daily trading volume, of 317,700 shares, the days-to-cover ratio is presently 2.7 days. Currently, 2.0% of the company's shares are short sold.

Gladstone Commercial Trading Down 0.5 %

Shares of Gladstone Commercial stock traded down $0.07 during trading hours on Friday, reaching $14.80. The stock had a trading volume of 209,143 shares, compared to its average volume of 268,293. The firm has a 50 day simple moving average of $15.88 and a two-hundred day simple moving average of $16.19. The firm has a market capitalization of $654.01 million, a price-to-earnings ratio of 56.92, a P/E/G ratio of 1.82 and a beta of 1.24. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05. Gladstone Commercial has a 1 year low of $12.85 and a 1 year high of $17.88.

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

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Gladstone Commercial Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded 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

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of 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 valued at $17,837,000 after buying an additional 34,017 shares in the last quarter. State Street Corp grew its stake in shares of Gladstone Commercial by 3.6% in the third quarter. State Street Corp now owns 1,051,383 shares of the real estate investment trust's stock valued at $17,074,000 after buying an additional 36,616 shares in the last quarter. Barclays PLC grew its stake in shares of Gladstone Commercial by 323.4% in the third quarter. Barclays PLC now owns 62,132 shares of the real estate investment trust's stock valued at $1,009,000 after buying an additional 47,456 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Gladstone Commercial by 36.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 441,364 shares of the real estate investment trust's stock valued at $7,168,000 after buying an additional 117,988 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Gladstone Commercial by 78.9% in the third quarter. JPMorgan Chase & Co. now owns 181,118 shares of the real estate investment trust's stock valued at $2,941,000 after buying an additional 79,893 shares in the last quarter. Institutional investors and hedge funds 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.