Schwab Charles Investment Management Inc. raised its position in Gladstone Commercial Corporation (NASDAQ:GOOD) by 26.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,400 shares of the real estate investment trust’s stock after buying an additional 11,500 shares during the period. Schwab Charles Investment Management Inc. owned 0.22% of Gladstone Commercial Corporation worth $1,146,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of Gladstone Commercial Corporation by 13.6% in the first quarter. Renaissance Technologies LLC now owns 1,971,200 shares of the real estate investment trust’s stock worth $40,745,000 after buying an additional 236,000 shares during the period. Vanguard Group Inc. raised its stake in shares of Gladstone Commercial Corporation by 1.6% in the first quarter. Vanguard Group Inc. now owns 2,829,136 shares of the real estate investment trust’s stock worth $58,479,000 after buying an additional 45,109 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Gladstone Commercial Corporation during the first quarter worth approximately $481,000. Geode Capital Management LLC raised its stake in shares of Gladstone Commercial Corporation by 7.9% in the first quarter. Geode Capital Management LLC now owns 245,772 shares of the real estate investment trust’s stock worth $5,080,000 after buying an additional 18,061 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Gladstone Commercial Corporation by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 237,993 shares of the real estate investment trust’s stock worth $4,919,000 after buying an additional 14,535 shares during the period. Institutional investors and hedge funds own 49.07% of the company’s stock.

Shares of Gladstone Commercial Corporation (NASDAQ:GOOD) traded up 1.28% during mid-day trading on Wednesday, hitting $21.42. The company’s stock had a trading volume of 53,581 shares. Gladstone Commercial Corporation has a 52-week low of $16.02 and a 52-week high of $23.35.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date of this dividend is Tuesday, September 19th. Gladstone Commercial Corporation’s dividend payout ratio (DPR) is presently -1,250.00%.

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GOOD has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Gladstone Commercial Corporation from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, May 9th. Hilliard Lyons lowered Gladstone Commercial Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, May 3rd. Canaccord Genuity initiated coverage on Gladstone Commercial Corporation in a report on Tuesday, July 18th. They set a “hold” rating and a $22.00 price target on the stock. BidaskClub lowered Gladstone Commercial Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, DA Davidson initiated coverage on Gladstone Commercial Corporation in a report on Tuesday, July 25th. They set a “buy” rating and a $24.00 price target on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Gladstone Commercial Corporation presently has an average rating of “Hold” and an average target price of $22.67.

Gladstone Commercial Corporation Company 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.

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

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