Charles Schwab Investment Management Inc. Has $7.17 Million Stock Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Charles Schwab Investment Management Inc. boosted its holdings in Gladstone Commercial Co. (NASDAQ:GOOD - Free Report) by 36.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 441,364 shares of the real estate investment trust's stock after buying an additional 117,988 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.00% of Gladstone Commercial worth $7,168,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Gladstone Commercial by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,618 shares of the real estate investment trust's stock valued at $327,000 after purchasing an additional 1,609 shares during the period. Cetera Advisors LLC lifted its stake 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 valued at $253,000 after buying an additional 2,353 shares during the period. Bank of New York Mellon Corp boosted its holdings in Gladstone Commercial by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 159,547 shares of the real estate investment trust's stock worth $2,277,000 after buying an additional 1,327 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Gladstone Commercial during the 2nd quarter worth about $158,000. Finally, International Assets Investment Management LLC bought a new stake 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.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com raised shares of Gladstone Commercial from a "hold" rating to a "buy" rating in a research note on Tuesday. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a "strong-buy" rating in a report on Friday, October 4th. Finally, B. Riley reissued a "neutral" rating and issued a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th.

Gladstone Commercial Stock Up 0.4 %

Shares of GOOD traded up $0.07 on Thursday, hitting $16.93. The company's stock had a trading volume of 152,211 shares, compared to its average volume of 243,657. The firm's fifty day moving average price is $16.69 and its 200-day moving average price is $15.46. Gladstone Commercial Co. has a fifty-two week low of $11.89 and a fifty-two week high of $17.88. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10. The firm has a market capitalization of $743.55 million, a price-to-earnings ratio of 84.65, a P/E/G ratio of 1.97 and a beta of 1.24.

Gladstone Commercial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 7.09%. The ex-dividend date is Friday, December 20th. Gladstone Commercial's dividend payout ratio is 600.00%.

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.