Gladstone Commercial Corporation (NASDAQ:GOOD) Sees Significant Growth in Short Interest

Gladstone Commercial Corporation (NASDAQ:GOOD) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,820,000 shares, anincreaseof30.9% from the July 15th total of 1,390,000 shares. Based on an average daily volume of 399,900 shares, the short-interest ratio is presently 4.6 days. Approximately4.0% of the shares of the stock are short sold. Approximately4.0% of the shares of the stock are short sold. Based on an average daily volume of 399,900 shares, the short-interest ratio is presently 4.6 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Gladstone Commercial from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $15.00.

Hedge Funds Weigh In On Gladstone Commercial

Hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System purchased a new position in shares of Gladstone Commercial in the first quarter valued at about $26,000. Loomis Sayles & Co. L P increased its position in shares of Gladstone Commercial by 249.7% in the second quarter. Loomis Sayles & Co. L P now owns 1,759 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,256 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Gladstone Commercial by 751.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,788 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,578 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Gladstone Commercial in the fourth quarter valued at about $42,000. Finally, Quarry LP purchased a new position in shares of Gladstone Commercial in the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Stock Performance

Gladstone Commercial stock opened at $13.32 on Friday. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 4.50. The company has a market capitalization of $620.18 million, a PE ratio of 37.00, a P/E/G ratio of 1.46 and a beta of 1.17. The firm has a fifty day simple moving average of $13.78 and a two-hundred day simple moving average of $14.40. Gladstone Commercial has a twelve month low of $12.67 and a twelve month high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $39.53 million during the quarter, compared to the consensus estimate of $38.32 million. Gladstone Commercial had a net margin of 18.67% and a return on equity of 16.37%. Research analysts expect that Gladstone Commercial will post 1.45 EPS for the current year.

Gladstone Commercial Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 22nd were given a $0.10 dividend. The ex-dividend date was Monday, July 21st. This represents a dividend yield of 879.0%. Gladstone Commercial’s payout ratio is presently 333.33%.

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.