Charles Schwab Investment Management Inc. Acquires 148,031 Shares of Gladstone Commercial Corporation $GOOD

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. lifted its holdings in shares of Gladstone Commercial Corporation (NASDAQ:GOOD - Free Report) by 22.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 815,997 shares of the real estate investment trust's stock after purchasing an additional 148,031 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.78% of Gladstone Commercial worth $12,224,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GOOD. Vanguard Group Inc. increased its stake in shares of Gladstone Commercial by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 4,526,797 shares of the real estate investment trust's stock worth $67,811,000 after purchasing an additional 242,957 shares during the last quarter. Northern Trust Corp grew its stake in Gladstone Commercial by 22.2% in the 4th quarter. Northern Trust Corp now owns 455,385 shares of the real estate investment trust's stock valued at $7,395,000 after buying an additional 82,684 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Gladstone Commercial by 11.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 801,407 shares of the real estate investment trust's stock valued at $13,015,000 after buying an additional 80,843 shares during the last quarter. SG Americas Securities LLC grew its stake in Gladstone Commercial by 384.0% in the 1st 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. Finally, MQS Management LLC acquired a new position in Gladstone Commercial in the 1st quarter valued at $753,000. Institutional investors and hedge funds own 45.51% of the company's stock.

Gladstone Commercial Stock Performance

NASDAQ GOOD traded up $0.15 during midday trading on Friday, hitting $13.45. The company had a trading volume of 274,028 shares, compared to its average volume of 321,725. 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 stock has a market cap of $626.23 million, a price-to-earnings ratio of 37.36, a P/E/G ratio of 1.48 and a beta of 1.17. The firm has a fifty day simple moving average of $13.66 and a two-hundred day simple moving average of $14.30. 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 posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $39.53 million for the quarter, compared to analyst estimates of $38.32 million. Gladstone Commercial had a net margin of 18.67% and a return on equity of 16.37%. Equities analysts forecast that Gladstone Commercial Corporation will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 21st were given a $0.10 dividend. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date was Monday, July 21st. Gladstone Commercial's dividend payout ratio (DPR) is currently 333.33%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Gladstone Commercial from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $15.00.

About Gladstone Commercial

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.