Gladstone Commercial Corporation $GOOD Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Gladstone Commercial Corporation by 22.2% during the first quarter, owning about $12.22 million worth of the stock.
• Gladstone Commercial recently announced a $0.10 per share dividend which translates to an 879.0% dividend yield despite a payout ratio of 333.33%.
• Shares of Gladstone Commercial have been rated with a consensus "Buy" from analysts, although Wall Street Zen downgraded the stock from a "hold" to a "sell" rating earlier this month.

Charles Schwab Investment Management Inc. boosted its position in Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report) by 22.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 815,997 shares of the real estate investment trust's stock after buying an additional 148,031 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.78% of Gladstone Commercial worth $12,224,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in Gladstone Commercial by 103.1% in the fourth quarter. Millennium Management LLC now owns 40,937 shares of the real estate investment trust's stock valued at $665,000 after buying an additional 20,776 shares during the last quarter. SG Americas Securities LLC boosted its position in Gladstone Commercial by 384.0% in the first quarter. SG Americas Securities LLC now owns 83,441 shares of the real estate investment trust's stock valued at $1,250,000 after buying an additional 66,201 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Gladstone Commercial by 12.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,450 shares of the real estate investment trust's stock valued at $463,000 after buying an additional 3,210 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Gladstone Commercial in the 1st quarter worth approximately $547,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Gladstone Commercial by 36.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,097 shares of the real estate investment trust's stock worth $1,008,000 after purchasing an additional 16,422 shares in the last quarter. Hedge funds and other institutional investors own 45.51% of the company's stock.

Gladstone Commercial Price Performance

Shares of GOOD stock traded down $0.03 during trading hours on Friday, hitting $13.27. 41,786 shares of the company's stock were exchanged, compared to its average volume of 374,129. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 4.50. The firm has a market cap of $617.66 million, a P/E ratio of 36.86, a P/E/G ratio of 1.48 and a beta of 1.17. The firm has a 50 day moving average of $13.68 and a two-hundred day moving average of $14.31. Gladstone Commercial Corporation has a fifty-two week low of $12.67 and a fifty-two week high of $17.88.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $39.53 million during the quarter, compared to the consensus estimate of $38.32 million. Gladstone Commercial had a return on equity of 16.37% and a net margin of 18.67%. Sell-side analysts forecast that Gladstone Commercial Corporation will post 1.45 EPS for the current year.

Gladstone Commercial Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 21st were paid a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date of this dividend was Monday, July 21st. Gladstone Commercial's dividend payout ratio is presently 333.33%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Gladstone Commercial from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $15.00.

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.