Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Down 14.4% in July

Gladstone Commercial Co. (NASDAQ:GOOD) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 664,000 shares, a decrease of 14.4% from the June 30th total of 775,300 shares. Based on an average daily trading volume, of 252,900 shares, the short-interest ratio is currently 2.6 days.

Hedge Funds Weigh In On Gladstone Commercial

Several large investors have recently modified their holdings of GOOD. Central Pacific Bank Trust Division acquired a new stake in Gladstone Commercial in the first quarter worth $64,000. PNC Financial Services Group Inc. raised its position in shares of Gladstone Commercial by 68.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,948 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 2,828 shares during the period. Evermay Wealth Management LLC raised its position in shares of Gladstone Commercial by 82.4% in the first quarter. Evermay Wealth Management LLC now owns 7,690 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 3,475 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Gladstone Commercial during the 1st quarter worth approximately $113,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in Gladstone Commercial during the 4th quarter worth approximately $140,000. Institutional investors own 45.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Gladstone Commercial from a “hold” rating to a “buy” rating in a research note on Friday, June 28th.

Gladstone Commercial Price Performance

Shares of NASDAQ GOOD traded down $0.11 during trading hours on Monday, hitting $14.93. 139,522 shares of the stock were exchanged, compared to its average volume of 239,847. The company has a debt-to-equity ratio of 4.85, a quick ratio of 3.67 and a current ratio of 3.67. The company has a market cap of $597.95 million, a PE ratio of -78.58, a price-to-earnings-growth ratio of 1.85 and a beta of 1.19. The company’s fifty day simple moving average is $14.33 and its two-hundred day simple moving average is $13.65. Gladstone Commercial has a 1-year low of $11.40 and a 1-year high of $15.13.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.33). The company had revenue of $35.72 million during the quarter, compared to the consensus estimate of $36.41 million. Gladstone Commercial had a net margin of 3.60% and a return on equity of 3.19%. On average, sell-side analysts predict that Gladstone Commercial will post 1.36 EPS for the current year.

Gladstone Commercial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.04%. The ex-dividend date is Friday, September 20th. Gladstone Commercial’s payout ratio is currently -631.58%.

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.