Gladstone Commercial Co. (NASDAQ:GOOD) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 36.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 441,364 shares of the real estate investment trust’s stock after acquiring an additional 117,988 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.00% of Gladstone Commercial worth $7,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in Gladstone Commercial by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,618 shares of the real estate investment trust’s stock worth $327,000 after purchasing an additional 1,609 shares during the period. Cetera Advisors LLC raised its position in Gladstone Commercial by 14.8% in the first quarter. Cetera Advisors LLC now owns 18,298 shares of the real estate investment trust’s stock worth $253,000 after acquiring an additional 2,353 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Gladstone Commercial by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 159,547 shares of the real estate investment trust’s stock valued at $2,277,000 after acquiring an additional 1,327 shares during the period. Atomi Financial Group Inc. purchased a new stake in shares of Gladstone Commercial during the 2nd quarter worth $158,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Gladstone Commercial in the 2nd quarter valued at about $33,000. 45.51% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Commercial Price Performance

Shares of NASDAQ:GOOD opened at $16.86 on Thursday. Gladstone Commercial Co. has a one year low of $11.89 and a one year high of $17.88. The stock has a market cap of $740.47 million, a PE ratio of 84.30, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. The business’s fifty day moving average price is $16.67 and its two-hundred day moving average price is $15.45. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54.

Gladstone Commercial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $1.20 dividend on an annualized basis and a yield of 7.12%. Gladstone Commercial’s dividend payout ratio (DPR) is currently 600.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GOOD shares. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th. B. Riley reiterated a “neutral” rating and set a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Finally, StockNews.com upgraded Gladstone Commercial from a “hold” rating to a “buy” rating in a research report on Tuesday.

Gladstone Commercial 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.