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

Gladstone Commercial Co. (NASDAQ:GOOD - Get Free Report) experienced a significant reduction in short interest during January. As of January 31st, the total short interest stood at 626,500 shares, reflecting a decrease of 29.7% compared to the total of 891,000 shares reported on January 15th. With the company's average daily trading volume being 241,700 shares, the current short-interest ratio is calculated to be 2.6 days.

Analyst Ratings Update

In related news, StockNews.com has revised their rating for Gladstone Commercial, downgrading it from a "buy" to a "hold" in a report issued on December 18th.

Stock Performance Insights

On Friday, shares of Gladstone Commercial dropped by $0.05, closing at $16.21. A total of 160,060 shares changed hands, as opposed to the average volume of 193,969. The company's current ratio is reported at 3.54, with a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. Gladstone Commercial holds a market capitalization of $711.94 million, a price-to-earnings (PE) ratio of 81.05, a price/earnings to growth (PEG) ratio of 1.88, and a beta of 1.25. The 50-day and 200-day simple moving averages stand at $16.24 and $16.04, respectively. Over the past year, the stock's lowest price was $11.89, while the highest reached $17.88.

Dividend Announcement

Recently, Gladstone Commercial declared a dividend, which was paid on January 31st. Shareholders who were on record as of January 27th received a dividend of $0.10, resulting in a yield of 7.48%. The ex-dividend date fell on January 24th. The company currently has a dividend payout ratio of 600.00%.

Institutional Activity

There have been movements among large investors concerning Gladstone Commercial shares. LPL Financial LLC raised its stake by 0.6% in the fourth quarter, now holding 117,327 shares of the real estate investment trust, valued at approximately $1,905,000 after acquiring 710 additional shares. Arizona State Retirement System increased its holdings by 7.0%, owning 12,344 shares now worth $200,000 following an additional purchase of 811 shares during the quarter. Atomi Financial Group Inc. also raised its position by 8.0%, resulting in ownership of 12,256 shares worth $199,000 after acquiring 908 more. Additionally, Register Financial Advisors LLC boosted its holdings by 2.2%, bringing their total to 53,342 shares valued at $866,000 after adding 1,166 shares. Finally, the State of Alaska Department of Revenue increased its shares by 6.5%, now possessing 20,246 shares valued at $328,000 after acquiring 1,242 shares. Overall, approximately 45.51% of Gladstone Commercial's stock is held by various hedge funds and institutional investors.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and managing net leased industrial and office properties throughout the United States. As of January 2024, Gladstone Commercial has successfully paid monthly cash distributions on its common stock for 229 consecutive months.

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