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

Gladstone Commercial Co. (NASDAQ:GOOD) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 920,500 shares, a growth of 36.9% from the December 15th total of 672,600 shares. Based on an average daily volume of 240,100 shares, the short-interest ratio is currently 3.8 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating and set a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th. Finally, StockNews.com downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Gladstone Commercial Stock Down 0.5 %

NASDAQ GOOD opened at $16.31 on Friday. The stock’s 50-day moving average price is $16.64 and its 200-day moving average price is $15.82. The company has a market capitalization of $716.34 million, a P/E ratio of 81.55, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10. Gladstone Commercial has a 52 week low of $11.89 and a 52 week high of $17.88.

Gladstone Commercial Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a $0.10 dividend. The ex-dividend date is Friday, January 24th. Gladstone Commercial’s payout ratio is currently 600.00%.

Institutional Trading of Gladstone Commercial

A number of hedge funds and other institutional investors have recently modified their holdings of GOOD. Daiwa Securities Group Inc. lifted its stake in shares of Gladstone Commercial by 4.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 19,087 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 867 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Gladstone Commercial by 8.0% in the fourth quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust’s stock worth $199,000 after acquiring an additional 908 shares during the period. Ballentine Partners LLC grew its position in shares of Gladstone Commercial by 11.4% during the third quarter. Ballentine Partners LLC now owns 15,838 shares of the real estate investment trust’s stock worth $257,000 after purchasing an additional 1,624 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Gladstone Commercial by 12.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,039 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 1,795 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in Gladstone Commercial by 3.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 58,177 shares of the real estate investment trust’s stock worth $945,000 after purchasing an additional 2,209 shares in the last quarter. 45.51% of the stock is owned by hedge funds and other institutional investors.

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.