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

Several equities research analysts have recently commented on GOOD shares. TheStreet raised shares of Gladstone Commercial Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Zacks Investment Research raised 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.

The stock has a 50 day moving average price of $17.87 and a 200 day moving average price of $16.80. The stock’s market capitalization is $415.75 million.

Gladstone Commercial Corp. (NASDAQ:GOOD) last announced its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.38 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. On average, analysts predict that Gladstone Commercial Corp. will post $1.55 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd were given a dividend of $0.125 per share. The ex-dividend date was Thursday, August 18th. This represents a $1.50 annualized dividend and a yield of 8.15%.

In other news, Director Caren D. Merrick purchased 2,816 shares of the company’s stock in a transaction on Friday, August 26th. The stock was acquired at an average price of $17.76 per share, with a total value of $50,012.16. Following the transaction, the director now directly owns 2,816 shares of the company’s stock, valued at approximately $50,012.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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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