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

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

Institutional Investors Weigh In On Gladstone Commercial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Gladstone Commercial by 2,656.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 528,301 shares of the real estate investment trust’s stock worth $6,995,000 after buying an additional 509,133 shares in the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Gladstone Commercial in the first quarter worth approximately $1,107,000. GSA Capital Partners LLP lifted its stake in shares of Gladstone Commercial by 436.0% in the first quarter. GSA Capital Partners LLP now owns 94,043 shares of the real estate investment trust’s stock worth $1,302,000 after buying an additional 76,499 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Gladstone Commercial in the fourth quarter worth approximately $161,000. Finally, PNC Financial Services Group Inc. lifted its stake 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 worth $92,000 after buying an additional 2,828 shares in the last quarter. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Analysts Set New Price Targets

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

Gladstone Commercial Trading Down 0.7 %

Shares of NASDAQ GOOD traded down $0.11 during midday trading on Monday, hitting $14.93. 139,522 shares of the company traded hands, compared to its average volume of 239,847. Gladstone Commercial has a 12-month low of $11.40 and a 12-month high of $15.13. 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 stock has a 50-day moving average price of $14.33 and a 200 day moving average price of $13.65. The firm has a market cap of $597.95 million, a P/E ratio of -78.58, a P/E/G ratio of 1.85 and a beta of 1.19.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.33). The company had revenue of $35.72 million for the quarter, compared to analysts’ expectations of $36.41 million. Gladstone Commercial had a net margin of 3.60% and a return on equity of 3.19%. As a group, analysts expect that Gladstone Commercial will post 1.36 earnings per share for the current year.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date is Friday, September 20th. Gladstone Commercial’s dividend payout ratio (DPR) is presently -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.