Schwab Charles Investment Management Inc. grew its holdings in Gladstone Commercial Co. (NASDAQ:GOOD) by 517.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 282,822 shares of the real estate investment trust’s stock after acquiring an additional 237,022 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Gladstone Commercial were worth $6,299,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC lifted its position in shares of Gladstone Commercial by 0.5% in the second quarter. Teachers Advisors LLC now owns 48,485 shares of the real estate investment trust’s stock valued at $1,056,000 after acquiring an additional 226 shares in the last quarter. Martingale Asset Management L P lifted its position in shares of Gladstone Commercial by 0.6% in the second quarter. Martingale Asset Management L P now owns 124,111 shares of the real estate investment trust’s stock valued at $2,705,000 after acquiring an additional 800 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Gladstone Commercial by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 21,662 shares of the real estate investment trust’s stock valued at $472,000 after acquiring an additional 1,336 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Gladstone Commercial by 4.3% in the second quarter. Rhumbline Advisers now owns 32,879 shares of the real estate investment trust’s stock valued at $716,000 after acquiring an additional 1,365 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Gladstone Commercial by 13.2% in the second quarter. Voya Investment Management LLC now owns 14,447 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 1,680 shares in the last quarter. Institutional investors and hedge funds own 52.78% of the company’s stock.

Shares of Gladstone Commercial Co. (GOOD) opened at $20.39 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $567.14, a PE ratio of -679.67, a P/E/G ratio of 2.17 and a beta of 0.87. Gladstone Commercial Co. has a 52-week low of $19.07 and a 52-week high of $23.35.

The company also recently announced a monthly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.36%. Gladstone Commercial’s dividend payout ratio is currently -5,000.00%.

GOOD has been the topic of several research analyst reports. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Gladstone Commercial in a research report on Friday, December 1st. BidaskClub downgraded Gladstone Commercial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Zacks Investment Research downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, ValuEngine downgraded Gladstone Commercial from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.67.

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Gladstone Commercial Profile

Gladstone Commercial Corporation is a real estate investment trust. The Company focuses on acquiring, owning and managing primarily office and industrial properties. The Company also makes long-term industrial and commercial mortgage loans. As of February 15, 2017, the Company owned 95 properties totaling 10.9 million square feet in 24 states.

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Institutional Ownership by Quarter for Gladstone Commercial (NASDAQ:GOOD)

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