Gladstone Commercial Co. (NASDAQ:GOOD) Short Interest Update

Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report) experienced a significant drop in short interest during January. By January 31st, the total short interest stood at 626,500 shares, which is a 29.7% decrease from the 891,000 shares reported on January 15th. With an average daily trading volume of 241,700 shares, the current short-interest ratio is 2.6 days.

Changes in Analyst Ratings

In a separate development, StockNews.com adjusted its rating for Gladstone Commercial, lowering it from a "buy" to a "hold" in a report dated December 18th.

Stock Performance of Gladstone Commercial

On the last trading day, shares of GOOD decreased by $0.05, reaching $16.21. During this period, 160,060 shares changed hands, which is below its average volume of 193,969. Financial metrics for Gladstone Commercial include a current ratio of 3.54, a quick ratio of 3.54, and a debt-to-equity ratio of 4.10. The company's market capitalization is approximately $711.94 million, with a PE ratio of 81.05 and a PEG ratio of 1.88. The stock has a beta value of 1.25. Over the past 50 days, the simple moving average is $16.24, while the 200-day moving average is $16.04. The 52-week trading range for Gladstone Commercial is from a low of $11.89 to a high of $17.88.

Dividend Announcement from Gladstone Commercial

Gladstone Commercial recently declared a dividend of $0.10 per share, which was paid on January 31st. This dividend was given to shareholders on record as of January 27th, yielding 7.48%. The ex-dividend date was January 24th, and the dividend payout ratio for the company is currently at 600.00%.

Institutional Trading Activities with Gladstone Commercial

Various large investors have recently adjusted their holdings in Gladstone Commercial. For instance, LPL Financial LLC increased its position by 0.6% during the fourth quarter, now owning 117,327 shares valued at $1,905,000 after purchasing an additional 710 shares. Additionally, Arizona State Retirement System raised its stakes by 7.0%, now holding 12,344 shares worth $200,000 after acquiring 811 shares. Similarly, Atomi Financial Group Inc. boosted its holdings by 8.0%, bringing its total to 12,256 shares, valued at $199,000. Register Financial Advisors LLC also increased its shares by 2.2%, now owning 53,342 shares worth $866,000 following a purchase of 1,166 shares. Lastly, State of Alaska Department of Revenue raised its stake by 6.5% with an ownership of 20,246 shares valued at $328,000 after acquiring 1,242 shares. Overall, 45.51% of Gladstone Commercial's stock is owned by hedge funds and institutional investors.

Company Overview

Gladstone Commercial Corporation is a real estate investment trust (REIT) focusing on acquiring, owning, and managing net leased industrial and office properties across the United States. As of January 2024, Gladstone Commercial has maintained an impressive record of paying 229 consecutive monthly cash distributions to its common stock shareholders.

Gladstone, Commercial, Short