Shares of Gladstone Commercial Corp. (NASDAQ:GOOD) hit a new 52-week high during trading on Friday . The company traded as high as $18.44 and last traded at $18.36, with a volume of 88,311 shares changing hands. The stock had previously closed at $17.98.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Gladstone Commercial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. TheStreet upgraded Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 8th.

The stock’s market cap is $413.95 million. The company’s 50 day moving average price is $17.86 and its 200 day moving average price is $16.79.

Gladstone Commercial Corp. (NASDAQ:GOOD) last announced its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38. Equities research analysts anticipate that Gladstone Commercial Corp. will post $1.55 EPS for the current year.

The business also recently announced a monthly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 22nd were given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 8.34%. The ex-dividend date of this dividend was Thursday, August 18th.

In related news, Director Caren D. Merrick bought 2,816 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average cost of $17.76 per share, with a total value of $50,012.16. Following the transaction, the director now directly owns 2,816 shares in the company, valued at $50,012.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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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