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

Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report) saw a large increase in short interest in 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 stock are short sold. Based on an average trading volume of 384,800 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Gladstone Commercial

Several large investors have recently added to or reduced their stakes in GOOD. New York State Teachers Retirement System bought a new position in shares of Gladstone Commercial during the 1st quarter worth approximately $26,000. Lazard Asset Management LLC bought a new position in Gladstone Commercial during the fourth quarter worth $42,000. Newbridge Financial Services Group Inc. acquired a new stake in Gladstone Commercial in the fourth quarter worth $43,000. Quarry LP bought a new stake in Gladstone Commercial in the fourth quarter valued at $48,000. Finally, Ameriflex Group Inc. bought a new stake in Gladstone Commercial in the fourth quarter valued at $97,000. Institutional investors and hedge funds own 45.51% of the company's stock.

Gladstone Commercial Price Performance

GOOD traded up $0.10 on Friday, reaching $14.12. The stock had a trading volume of 225,417 shares, compared to its average volume of 294,313. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05. The company has a market capitalization of $646.09 million, a price-to-earnings ratio of 54.31, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. Gladstone Commercial has a fifty-two week low of $12.67 and a fifty-two week high of $17.88. The firm has a 50-day moving average of $14.77 and a 200-day moving average of $15.87.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) 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 the consensus estimate of $0.11 by $0.24. The company had revenue of $37.38 million during the quarter, compared to analysts' expectations of $38.04 million. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. As a group, sell-side analysts anticipate that Gladstone Commercial will post 1.45 EPS for the current year.

Gladstone Commercial Announces Dividend

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

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.