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

Gladstone Commercial Co. (NASDAQ:GOOD) experienced a significant decline in short interest during January. By January 31st, total short interest had fallen to 626,500 shares, which represents a 29.7% decrease from the short interest of 891,000 shares recorded on January 15th. Given the average daily trading volume of 241,700 shares, the current short-interest ratio stands at 2.6 days.

Recent Analyst Ratings

In other news, StockNews.com downgraded Gladstone Commercial from a "buy" rating to a "hold" rating in a report published on December 18th.

Stock Performance of Gladstone Commercial

On Friday, shares of Gladstone Commercial saw a slight decline of $0.05, bringing the stock price to $16.21. During the trading session, 160,060 shares changed hands, which is lower than the average trading volume of 193,969 shares. Financial metrics for the company reveal a current ratio of 3.54 and a quick ratio of 3.54, while the debt-to-equity ratio is noted at 4.10. Gladstone Commercial has a market capitalization of $711.94 million, with a price-to-earnings (PE) ratio of 81.05 and a price/earnings to growth (PEG) ratio of 1.88. Historical data shows the stock reached a 52-week low of $11.89 and a 52-week high of $17.88.

Dividend Information

Gladstone Commercial announced a dividend recently, which was successfully paid on January 31st. Shareholders who were on record as of January 27th received a dividend of $0.10, which equates to a yield of 7.48%. The ex-dividend date was set for January 24th. Currently, the company's dividend payout ratio stands at an unusually high 600.00%.

Institutional Investors Activity

Recently, various institutional investors have made adjustments to their stakes in Gladstone Commercial. For example, LPL Financial LLC increased its holdings by 0.6% in the fourth quarter. It now owns 117,327 shares, valued at approximately $1,905,000, having acquired an additional 710 shares in the last quarter. Additionally, Arizona State Retirement System raised its stake by 7.0%, resulting in ownership of 12,344 shares worth $200,000 after obtaining an extra 811 shares. Other investors such as Atomi Financial Group and Register Financial Advisors LLC also increased their positions by 8.0% and 2.2%, respectively. Overall, 45.51% of Gladstone Commercial's stock is held by institutional investors.

Company Overview

Gladstone Commercial Corporation is a real estate investment trust (REIT) primarily engaged in acquiring, owning, and managing net leased industrial and office properties throughout the United States. The company is noteworthy for having made 229 consecutive monthly cash distributions to its common stockholders through January 2024.

Gladstone, Commercial, Short, Interest, Dividend