Gladstone Land (NASDAQ:LANDM) Trading 0.1% Higher – What’s Next?

Shares of Gladstone Land Co. (NASDAQ:LANDM) shot up 0.1% on Tuesday . The stock traded as high as $25.00 and last traded at $24.95. 3,723 shares were traded during mid-day trading, an increase of 13% from the average session volume of 3,296 shares. The stock had previously closed at $24.93.

Gladstone Land Price Performance

The company has a 50-day simple moving average of $24.57 and a two-hundred day simple moving average of $24.36.

Gladstone Land Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd were given a $0.1042 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.