Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Down 40.0% in March

Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 515,500 shares, a drop of 40.0% from the February 28th total of 859,800 shares. Based on an average trading volume of 373,400 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.2% of the company's shares are sold short.

Gladstone Commercial Price Performance

GOOD remained flat at $15.07 during midday trading on Wednesday. The company's stock had a trading volume of 217,270 shares, compared to its average volume of 280,130. Gladstone Commercial has a fifty-two week low of $12.85 and a fifty-two week high of $17.88. The company has a quick ratio of 3.54, a current ratio of 5.68 and a debt-to-equity ratio of 4.05. The firm has a 50 day moving average price of $15.68 and a two-hundred day moving average price of $16.17. The company has a market cap of $689.56 million, a PE ratio of 57.96, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24.

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

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Gladstone Commercial Announces Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a yield of 7.48%. Gladstone Commercial's payout ratio is 461.54%.

Hedge Funds Weigh In On Gladstone Commercial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of 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 worth $17,837,000 after acquiring an additional 34,017 shares in the last quarter. State Street Corp increased 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 valued at $17,074,000 after buying an additional 36,616 shares in the last quarter. Barclays PLC increased its holdings in shares of Gladstone Commercial by 323.4% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Gladstone Commercial by 36.5% in 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 purchasing an additional 117,988 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Gladstone Commercial by 78.9% during 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 purchasing an additional 79,893 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Gladstone Commercial from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th.

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.