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

Several analysts have recently commented on the company. Zacks Investment Research raised Gladstone Commercial Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, July 13th. TheStreet cut Gladstone Commercial Corp. from a “hold” rating to a “sell” rating in a report on Friday, April 29th.

The stock’s market capitalization is $402.96 million. The stock has a 50-day moving average of $16.99 and a 200 day moving average of $15.92.

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

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 22nd will be issued a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 8.42%. The ex-dividend date of this dividend is Thursday, August 18th.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of 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 valued at $4,020,000 after buying an additional 36,150 shares in the last quarter. Systematic Financial Management LP purchased a new stake in shares of Gladstone Commercial Corp. during the fourth quarter valued at $1,232,000. Finally, Morgan Stanley raised its position 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 valued at $1,245,000 after buying an additional 25,843 shares during the period.

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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