Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Update

Gladstone Commercial Co. (NASDAQ:GOOD) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 621,700 shares, a growth of 20.6% from the March 15th total of 515,500 shares. Based on an average daily volume of 384,800 shares, the short-interest ratio is currently 1.6 days. Currently, 1.4% of the company’s shares are sold short.

Gladstone Commercial Trading Down 0.4 %

NASDAQ GOOD opened at $14.11 on Tuesday. The company has a market capitalization of $645.63 million, a PE ratio of 54.27, a P/E/G ratio of 1.82 and a beta of 1.17. The stock has a 50-day simple moving average of $14.94 and a 200 day simple moving average of $15.92. 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 $12.67 and a 12 month high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly 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. The company had revenue of $37.38 million for the quarter, compared to analysts’ expectations of $38.04 million. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. Research analysts forecast that Gladstone Commercial will post 1.45 EPS for the current year.

Gladstone Commercial Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a yield of 8.5%. Gladstone Commercial’s dividend payout ratio (DPR) is currently 461.54%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GOOD. LPL Financial LLC lifted its position in Gladstone Commercial by 0.6% in 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 acquiring an additional 710 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Gladstone Commercial by 7.0% during the fourth quarter. Arizona State Retirement System now owns 12,344 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 811 shares during the period. Atomi Financial Group Inc. raised its position in Gladstone Commercial by 8.0% in 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 buying an additional 908 shares during the last quarter. State of Alaska Department of Revenue raised its position in Gladstone Commercial by 4.6% in the 1st quarter. State of Alaska Department of Revenue now owns 21,170 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 924 shares during the last quarter. Finally, Register Financial Advisors LLC lifted its stake in Gladstone Commercial by 2.2% in 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 acquiring an additional 1,166 shares in the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

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.