Gladstone Commercial Co. (NASDAQ:GOOD) Sees Significant Increase in Short Interest

Gladstone Commercial Co. (NASDAQ:GOOD) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 383,700 shares, an increase of 9.9% from the August 15th total of 349,100 shares. Based on an average daily trading volume, of 292,500 shares, the short-interest ratio is currently 1.3 days.

Gladstone Commercial Stock Down 0.4 %

Gladstone Commercial stock traded down $0.07 during trading hours on Wednesday, hitting $16.15. The stock had a trading volume of 268,172 shares, compared to its average volume of 246,719. The stock has a market capitalization of $646.87 million, a P/E ratio of -85.00, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. Gladstone Commercial has a 12-month low of $11.40 and a 12-month high of $16.43. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 4.95. The stock’s 50-day moving average price is $14.96 and its 200-day moving average price is $14.21.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.37). Gladstone Commercial had a return on equity of 7.34% and a net margin of 7.90%. The business had revenue of $37.06 million during the quarter, compared to the consensus estimate of $35.89 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. Equities research analysts anticipate that Gladstone Commercial will post 1.38 EPS for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, September 20th. This represents a $1.20 dividend on an annualized basis and a yield of 7.43%. Gladstone Commercial’s dividend payout ratio is presently -631.58%.

Hedge Funds Weigh In On Gladstone Commercial

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Gladstone Commercial by 1.3% in 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 purchasing an additional 53,802 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Gladstone Commercial by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock worth $20,122,000 after purchasing an additional 34,400 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Gladstone Commercial by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 567,878 shares of the real estate investment trust’s stock worth $8,103,000 after purchasing an additional 14,452 shares during the period. LSV Asset Management lifted its position in Gladstone Commercial by 1.5% during the second quarter. LSV Asset Management now owns 327,900 shares of the real estate investment trust’s stock valued at $4,679,000 after purchasing an additional 4,800 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in Gladstone Commercial by 13.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 160,270 shares of the real estate investment trust’s stock valued at $2,218,000 after purchasing an additional 18,587 shares during the period. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

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.