Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Up 24.5% in February

Gladstone Commercial Co. (NASDAQ:GOOD) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 859,800 shares, an increase of 24.5% from the February 13th total of 690,800 shares. Based on an average trading volume of 317,700 shares, the short-interest ratio is presently 2.7 days. Approximately 2.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Hedge Funds Weigh In On Gladstone Commercial

A number of hedge funds have recently bought and sold shares of GOOD. LPL Financial LLC increased its position in shares of Gladstone Commercial by 0.6% during the 4th quarter. LPL Financial LLC now owns 117,327 shares of the real estate investment trust’s stock valued at $1,905,000 after purchasing an additional 710 shares during the last quarter. Arizona State Retirement System increased its position in shares of Gladstone Commercial by 7.0% during the 4th quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 811 shares during the last quarter. Atomi Financial Group Inc. increased its position in shares of Gladstone Commercial by 8.0% during the 4th quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 908 shares during the last quarter. Register Financial Advisors LLC increased its position in shares of Gladstone Commercial by 2.2% during the 4th quarter. Register Financial Advisors LLC now owns 53,342 shares of the real estate investment trust’s stock valued at $866,000 after purchasing an additional 1,166 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Gladstone Commercial by 6.5% during the 4th quarter. State of Alaska Department of Revenue now owns 20,246 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 1,242 shares during the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Price Performance

GOOD opened at $15.04 on Wednesday. Gladstone Commercial has a 1 year low of $12.85 and a 1 year high of $17.88. The stock has a 50-day moving average price of $15.93 and a 200-day moving average price of $16.20. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. The firm has a market cap of $664.66 million, a PE ratio of 57.85, a P/E/G ratio of 1.82 and a beta of 1.24.

Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.24. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The business had revenue of $37.38 million during the quarter, compared to analyst estimates of $38.04 million. Sell-side analysts predict that Gladstone Commercial will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a $0.10 dividend. This represents a yield of 7.48%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Commercial’s dividend payout ratio (DPR) is 461.54%.

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.