Shares of Gladstone Commercial Corp. (NASDAQ:GOOD) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.90 and last traded at $17.86, with a volume of 47,499 shares changing hands. The stock had previously closed at $17.71.

GOOD has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Gladstone Commercial Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, May 17th. TheStreet lowered shares of Gladstone Commercial Corp. from a “hold” rating to a “sell” rating in a research report on Friday, April 29th.

The firm has a 50-day moving average price of $16.94 and a 200-day moving average price of $15.87. The stock’s market capitalization is $404.09 million.

Gladstone Commercial Corp. (NASDAQ:GOOD) last released its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Equities research analysts anticipate that Gladstone Commercial Corp. will post $1.54 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd will be issued a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.41%. The ex-dividend date of this dividend is Thursday, August 18th.

Other hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Gladstone Commercial Corp. by 15.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 275,518 shares of the real estate investment trust’s stock worth $4,020,000 after buying an additional 36,150 shares in the last quarter. Systematic Financial Management LP purchased a new stake in Gladstone Commercial Corp. during the fourth quarter worth $1,232,000. Finally, Morgan Stanley boosted its stake in Gladstone Commercial Corp. by 43.4% in the fourth quarter. Morgan Stanley now owns 85,333 shares of the real estate investment trust’s stock worth $1,245,000 after buying an additional 25,843 shares in the last quarter.

Gladstone Commercial Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing office and industrial properties, and making long-term industrial and commercial mortgage loans. The Company’s portfolio of real estate is leased to a section of tenants ranging from small businesses to large public companies.

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