Gladstone Commercial Co. (NASDAQ:GOOD) Sees Significant Decrease in Short Interest

Gladstone Commercial Co. (NASDAQ:GOOD) experienced a notable reduction in short interest during January. As of January 31, the reported short interest reached 626,500 shares, reflecting a substantial decrease of 29.7% compared to the preliminary total of 891,000 shares as of January 15.

The short-interest ratio stands at 2.6 days, calculated against an average daily volume of 241,700 shares traded.

Analyst Rating Adjustments

In related news, StockNews.com has downgraded Gladstone Commercial from a "buy" rating to a "hold" rating following their latest report published on December 18.

Gladstone Commercial Stock Overview

On the market, shares of Gladstone Commercial traded down by $0.05 on the last Friday session, arriving at a price of $16.21. During this period, 160,060 shares exchanged hands, which is slightly lower than the average volume of 193,969 shares. Financial ratios for the company include a current ratio of 3.54 and a quick ratio of 3.54, alongside a debt-to-equity ratio of 4.10. With a market capitalization of $711.94 million, Gladstone Commercial shows a PE ratio of 81.05, a PEG ratio of 1.88, and a beta value of 1.25. Over the past year, the stock recorded a low of $11.89 and a high of $17.88.

Dividend Announcement

Recently, the company declared a dividend that was paid on January 31. Shareholders who were on record on January 27 received a dividend of $0.10, translating to an attractive yield of 7.48%. The ex-dividend date was noted as January 24, and the dividend payout ratio currently stands at an impressive 600.00%.

Institutional Investor Activities

A diverse group of large investors have made movements with their holdings in Gladstone Commercial. Among them, LPL Financial LLC increased its stake by 0.6% in the fourth quarter, now owning 117,327 shares valued at approximately $1.9 million after acquiring 710 additional shares. Similarly, Arizona State Retirement System raised its position by 7.0%, bringing its ownership to 12,344 shares valued at $200,000, following the acquisition of 811 shares. Atomi Financial Group Inc. also saw a boost of 8.0%, owning 12,256 shares worth $199,000 after gaining 908 shares during the same quarter.

Register Financial Advisors LLC increased its holdings by 2.2%, reaching 53,342 shares valued at about $866,000, while the State of Alaska Department of Revenue raised its stake by 6.5%, totaling 20,246 shares now worth approximately $328,000. Overall, institutional investors own about 45.51% of Gladstone Commercial stock.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) primarily focused on acquiring, owning, and managing net-leased industrial and office properties across the United States. The company has successfully paid consecutive monthly cash distributions for 229 months as of January 2024.

Gladstone, Commercial, Short