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

Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 648,900 shares, a decrease of 12.6% from the November 15th total of 742,200 shares. Based on an average daily trading volume, of 236,400 shares, the days-to-cover ratio is presently 2.7 days.

Gladstone Commercial Stock Down 0.5 %

NASDAQ GOOD traded down $0.08 during mid-day trading on Friday, reaching $16.85. The stock had a trading volume of 159,494 shares, compared to its average volume of 243,307. The stock has a market cap of $740.05 million, a PE ratio of 84.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. Gladstone Commercial has a 1 year low of $11.89 and a 1 year 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. The company has a fifty day moving average price of $16.70 and a 200 day moving average price of $15.49.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.20 annualized dividend and a yield of 7.12%. Gladstone Commercial's payout ratio is 600.00%.

Institutional Trading of Gladstone Commercial

Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new position in shares of Gladstone Commercial during the 3rd quarter valued at $2,306,000. Renaissance Technologies LLC increased its position in shares of Gladstone Commercial by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust's stock valued at $20,122,000 after purchasing an additional 34,400 shares during the last quarter. Quest Partners LLC bought a new position in shares of Gladstone Commercial in the 3rd quarter worth approximately $612,000. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $7,168,000 after buying an additional 117,988 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Gladstone Commercial by 1,524.0% during the third quarter. International Assets Investment Management LLC now owns 37,644 shares of the real estate investment trust's stock valued at $611,000 after buying an additional 35,326 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a "strong-buy" rating in a report on Friday, October 4th. StockNews.com raised Gladstone Commercial from a "hold" rating to a "buy" rating in a report on Tuesday, December 10th. Finally, B. Riley reissued a "neutral" rating and issued a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th.

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.