Gladstone Commercial Corp. (NASDAQ:GOOD) hit a new 52-week high on Tuesday . The company traded as high as $18.10 and last traded at $17.96, with a volume of 49,637 shares trading hands. The stock had previously closed at $17.87.

GOOD has been the topic of a number of recent research reports. Zacks Investment Research downgraded Gladstone Commercial Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, April 5th. TheStreet downgraded Gladstone Commercial Corp. from a “hold” rating to a “sell” rating in a report on Friday, April 29th.

The firm’s market capitalization is $406.81 million. The firm has a 50 day moving average of $17.12 and a 200 day moving average of $16.02.

Gladstone Commercial Corp. (NASDAQ:GOOD) last announced its earnings results on Monday, July 25th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.38. On average, analysts forecast that Gladstone Commercial Corp. will post $1.54 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd will be given a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.34%. The ex-dividend date of this dividend is Thursday, August 18th.

Several hedge funds have made changes to their positions in the company. Systematic Financial Management LP acquired a new stake in shares of Gladstone Commercial Corp. during the fourth quarter worth about $1,232,000. Morgan Stanley raised its stake in shares of 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 during the last quarter. Finally, 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 worth $4,020,000 after buying an additional 36,150 shares during 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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