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

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

Gladstone Commercial Trading Up 0.1 %

NASDAQ:GOOD traded up $0.01 on Tuesday, reaching $15.06. 702,312 shares of the stock traded hands, compared to its average volume of 267,193. The firm has a market capitalization of $665.55 million, a price-to-earnings ratio of 57.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24. The company’s 50 day moving average is $15.95 and its 200-day moving average is $16.21. 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 1-year low of $12.85 and a 1-year high of $17.88.

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

Gladstone Commercial Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Gladstone Commercial

A number of large investors have recently modified their holdings of GOOD. Quest Partners LLC bought a new position in shares of Gladstone Commercial in the 3rd quarter worth $612,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Gladstone Commercial by 36.5% in the 3rd 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 in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Gladstone Commercial by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 69,008 shares of the real estate investment trust’s stock worth $1,120,000 after purchasing an additional 12,865 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Gladstone Commercial by 11.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 21,304 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 2,217 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake 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 acquiring an additional 3,081 shares in the last quarter. 45.51% of the stock is currently owned by 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.