Gladstone Land Co. (NASDAQ:LANDP – Get Free Report)’s stock price fell 0.6% on Tuesday . The stock traded as low as $20.06 and last traded at $20.19. 24,151 shares changed hands during trading, an increase of 1% from the average session volume of 23,853 shares. The stock had previously closed at $20.32.
Gladstone Land Price Performance
The firm’s fifty day moving average price is $20.34 and its 200-day moving average price is $21.06.
Gladstone Land Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 19th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $1.50 annualized dividend and a yield of 7.43%.
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.
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