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

Gladstone Commercial Co. (NASDAQ:GOOD) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 515,500 shares, a decrease of 40.0% from the February 28th total of 859,800 shares. Based on an average daily trading volume, of 373,400 shares, the short-interest ratio is presently 1.4 days. Currently, 1.2% of the shares of the stock are short sold.

Gladstone Commercial Price Performance

Shares of GOOD traded up $0.02 during midday trading on Friday, reaching $14.90. The stock had a trading volume of 258,008 shares, compared to its average volume of 279,845. The company has a market capitalization of $681.78 million, a price-to-earnings ratio of 57.31, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05. Gladstone Commercial has a 12-month low of $12.85 and a 12-month high of $17.88. The company’s 50-day moving average is $15.74 and its 200 day moving average is $16.17.

Gladstone Commercial (NASDAQ:GOOD) last issued its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, equities analysts predict that Gladstone Commercial will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Gladstone Commercial

A number of large investors have recently added to or reduced their stakes in GOOD. Charles Schwab Investment Management Inc. boosted its holdings in shares of Gladstone Commercial by 36.5% during the third 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 period. Daiwa Securities Group Inc. increased its holdings in Gladstone Commercial by 11.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 21,304 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 2,217 shares during the period. D.A. Davidson & CO. raised its position in Gladstone Commercial by 11.3% during the 3rd quarter. D.A. Davidson & CO. now owns 30,445 shares of the real estate investment trust’s stock valued at $494,000 after purchasing an additional 3,081 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Gladstone Commercial by 68.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 2,885 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Gladstone Commercial by 33.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,675 shares of the real estate investment trust’s stock worth $742,000 after buying an additional 11,340 shares during the last quarter. Institutional investors own 45.51% of the company’s stock.

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.