Short Interest in Gladstone Commercial Co. (NASDAQ:GOOD) Rises By 14.6%

Gladstone Commercial Co. (NASDAQ:GOOD) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 742,200 shares, an increase of 14.6% from the October 31st total of 647,600 shares. Based on an average daily trading volume, of 235,300 shares, the short-interest ratio is currently 3.2 days.

Gladstone Commercial Trading Down 1.1 %

NASDAQ:GOOD traded down $0.19 during mid-day trading on Tuesday, hitting $17.33. The company had a trading volume of 200,563 shares, compared to its average volume of 244,423. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. Gladstone Commercial has a fifty-two week low of $11.89 and a fifty-two week high of $17.88. The firm has a market cap of $761.12 million, a P/E ratio of 86.15, a P/E/G ratio of 2.05 and a beta of 1.24. The business’s fifty day moving average is $16.53 and its two-hundred day moving average is $15.33.

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 paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.92%. The ex-dividend date is Friday, December 20th. Gladstone Commercial’s payout ratio is presently 600.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Monday. B. Riley reaffirmed a “neutral” rating and issued a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Finally, Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Gladstone Commercial by 1.3% during the first quarter. Vanguard Group Inc. now owns 4,046,166 shares of the real estate investment trust’s stock worth $55,999,000 after acquiring an additional 53,802 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Gladstone Commercial by 7.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,990 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 1,185 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Gladstone Commercial by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,618 shares of the real estate investment trust’s stock worth $327,000 after acquiring an additional 1,609 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Gladstone Commercial by 14.8% during the first quarter. Cetera Advisors LLC now owns 18,298 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 2,353 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Gladstone Commercial by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 159,547 shares of the real estate investment trust’s stock valued at $2,277,000 after purchasing an additional 1,327 shares in the last quarter. 45.51% of the stock is 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.