Shares of Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) were up 0.2% during mid-day trading on Tuesday . The company traded as high as $22.28 and last traded at $22.20. Approximately 44,999 shares were traded during trading, an increase of 133% from the average daily volume of 19,309 shares. The stock had previously closed at $22.15.
Gladstone Land Stock Performance
The business has a 50 day moving average price of $21.26 and a 200-day moving average price of $20.48.
Gladstone Land Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date is Friday, September 20th.
Hedge Funds Weigh In On Gladstone Land
About Gladstone Land
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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