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

Charles Schwab Investment Management Inc. raised its stake in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 51.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 667,966 shares of the real estate investment trust's stock after acquiring an additional 226,602 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.52% of Gladstone Commercial worth $10,848,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GOOD. Newbridge Financial Services Group Inc. purchased a new position in shares of Gladstone Commercial in the 4th quarter valued at about $43,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Gladstone Commercial by 68.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust's stock worth $116,000 after buying an additional 2,885 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Gladstone Commercial during the 4th quarter valued at approximately $192,000. Atomi Financial Group Inc. grew its stake in Gladstone Commercial by 8.0% in the 4th quarter. Atomi Financial Group Inc. now owns 12,256 shares of the real estate investment trust's stock valued at $199,000 after acquiring an additional 908 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Gladstone Commercial by 23.7% in the 4th quarter. SG Americas Securities LLC now owns 17,240 shares of the real estate investment trust's stock worth $280,000 after acquiring an additional 3,298 shares in the last quarter. Hedge funds and other institutional investors own 45.51% of the company's stock.

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Gladstone Commercial Price Performance

NASDAQ:GOOD traded up $0.15 during trading hours on Wednesday, hitting $14.92. 211,963 shares of the stock were exchanged, compared to its average volume of 269,795. The firm's fifty day moving average price is $15.82 and its 200 day moving average price is $16.19. Gladstone Commercial Co. has a 52-week low of $12.85 and a 52-week high of $17.88. The company has a market cap of $682.69 million, a P/E ratio of 57.38, a P/E/G ratio of 1.82 and a beta of 1.24. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.11 by $0.24. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The firm had revenue of $37.38 million during the quarter, compared to the consensus estimate of $38.04 million. As a group, equities research analysts anticipate that Gladstone Commercial Co. will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a yield of 7.48%. Gladstone Commercial's dividend payout ratio is presently 461.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Gladstone Commercial from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th.

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.