Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Down 12.6% in November

Gladstone Commercial Co. (NASDAQ:GOOD) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 648,900 shares, a drop of 12.6% from the November 15th total of 742,200 shares. Based on an average daily trading volume, of 236,400 shares, the short-interest ratio is currently 2.7 days.

Gladstone Commercial Stock Performance

Shares of GOOD remained flat at $16.66 during midday trading on Tuesday. 56,361 shares of the company’s stock traded hands, compared to its average volume of 243,352. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. The stock has a market cap of $731.69 million, a PE ratio of 83.30, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. Gladstone Commercial has a twelve month low of $11.89 and a twelve month high of $17.88. The firm has a 50 day simple moving average of $16.72 and a 200 day simple moving average of $15.52.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date is Friday, December 20th. Gladstone Commercial’s payout ratio is 600.00%.

Analyst Ratings Changes

A number of research firms have weighed in on GOOD. StockNews.com raised Gladstone Commercial from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th. Finally, B. Riley restated a “neutral” rating and set a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in 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 buying an additional 117,988 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Gladstone Commercial in the 3rd quarter worth about $2,306,000. Renaissance Technologies LLC boosted its stake in shares of Gladstone Commercial by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,410,120 shares of the real estate investment trust’s stock worth $20,122,000 after purchasing an additional 34,400 shares during the period. Quest Partners LLC bought a new position in Gladstone Commercial during the 3rd quarter valued at about $612,000. Finally, International Assets Investment Management LLC raised its position in Gladstone Commercial by 1,524.0% in the 3rd quarter. International Assets Investment Management LLC now owns 37,644 shares of the real estate investment trust’s stock worth $611,000 after purchasing an additional 35,326 shares during the period. Hedge funds and other institutional investors 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.