Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Up 20.6% in March

Gladstone Commercial Co. (NASDAQ:GOOD) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 621,700 shares, an increase of 20.6% from the March 15th total of 515,500 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 384,800 shares, the days-to-cover ratio is presently 1.6 days.

Gladstone Commercial Stock Down 0.2 %

GOOD opened at $14.08 on Wednesday. The business has a 50 day moving average of $14.90 and a 200-day moving average of $15.91. The stock has a market capitalization of $644.26 million, a price-to-earnings ratio of 54.15, a P/E/G ratio of 1.82 and a beta of 1.17. 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 $12.67 and a 1-year high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly 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. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The firm had revenue of $37.38 million during the quarter, compared to the consensus estimate of $38.04 million. As a group, sell-side analysts anticipate that Gladstone Commercial will post 1.45 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, April 21st. This represents a yield of 8.5%. Gladstone Commercial’s dividend payout ratio is 461.54%.

Hedge Funds Weigh In On Gladstone Commercial

Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in shares of Gladstone Commercial during the fourth quarter valued at approximately $42,000. Newbridge Financial Services Group Inc. acquired a new stake in Gladstone Commercial during the fourth quarter worth $43,000. Quarry LP bought a new stake in Gladstone Commercial in the 4th quarter valued at $48,000. Ameriflex Group Inc. acquired a new position in shares of Gladstone Commercial in the 4th quarter valued at $97,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Gladstone Commercial during the 4th quarter worth about $112,000. Institutional investors and hedge funds 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.