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

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Gladstone Commercial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet cut shares of Gladstone Commercial Corp. from a “hold” rating to a “sell” rating in a report on Friday, April 29th.

The stock has a 50 day moving average price of $17.21 and a 200 day moving average price of $16.06. The stock’s market capitalization is $410.30 million.

Gladstone Commercial Corp. (NASDAQ:GOOD) last issued its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. Equities analysts anticipate that Gladstone Commercial Corp. will post $1.65 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd will be given a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.20%. The ex-dividend date is Thursday, August 18th.

Several hedge funds and institutional investors have recently modified their holdings of the company. Systematic Financial Management LP purchased a new position in shares of Gladstone Commercial Corp. during the fourth quarter worth about $1,232,000. 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 during the period. 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 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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