Gladstone Land (NASDAQ:LANDP) Stock Price Down 0.3% – Here’s What Happened

Gladstone Land Co. (NASDAQ:LANDP) shares dropped 0.3% during mid-day trading on Friday . The stock traded as low as $20.75 and last traded at $21.39. Approximately 48,744 shares traded hands during trading, an increase of 126% from the average daily volume of 21,587 shares. The stock had previously closed at $21.46.

Gladstone Land Stock Performance

The business’s fifty day moving average price is $21.56 and its 200-day moving average price is $21.33.

Gladstone Land Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 7.01%. The ex-dividend date is Friday, December 20th.

Institutional Trading of Gladstone Land

An institutional investor recently raised its position in Gladstone Land stock. Moloney Securities Asset Management LLC boosted its holdings in shares of Gladstone Land Co. (NASDAQ:LANDP) by 15.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,209 shares of the company’s stock after buying an additional 1,800 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $278,000 at the end of the most recent quarter.

Gladstone Land Company Profile

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.