Gladstone Commercial Co. (NASDAQ:GOOD – Get Rating) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 698,300 shares, an increase of 6.0% from the August 15th total of 658,600 shares. Based on an average trading volume of 202,800 shares, the short-interest ratio is presently 3.4 days.
Institutional Trading of Gladstone Commercial
Several hedge funds and other institutional investors have recently made changes to their positions in GOOD. Bogart Wealth LLC purchased a new stake in Gladstone Commercial during the first quarter worth about $26,000. GPS Wealth Strategies Group LLC purchased a new stake in Gladstone Commercial during the second quarter worth about $28,000. Lazard Asset Management LLC purchased a new stake in Gladstone Commercial during the first quarter worth about $30,000. Prospera Financial Services Inc purchased a new stake in Gladstone Commercial during the first quarter worth about $33,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Gladstone Commercial during the first quarter worth about $37,000. Hedge funds and other institutional investors own 47.63% of the company’s stock.
Gladstone Commercial Stock Performance
Shares of NASDAQ:GOOD traded down $0.35 during midday trading on Tuesday, hitting $17.81. The stock had a trading volume of 6,684 shares, compared to its average volume of 173,874. The company has a market capitalization of $704.03 million, a PE ratio of 1,779.78, a P/E/G ratio of 2.00 and a beta of 1.05. The stock has a 50 day moving average price of $19.54 and a two-hundred day moving average price of $20.16. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 3.43. Gladstone Commercial has a 1 year low of $17.73 and a 1 year high of $26.13.
Gladstone Commercial Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd will be issued a $0.1254 dividend. This represents a $1.50 annualized dividend and a dividend yield of 8.45%. The ex-dividend date is Wednesday, September 21st. Gladstone Commercial’s payout ratio is 15,015.02%.
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 September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock.
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