Gladstone Land (NASDAQ:LANDO) Stock Price Up 0.3% – Still a Buy?

Gladstone Land Co. (NASDAQ:LANDO) shares traded up 0.3% during mid-day trading on Friday . The company traded as high as $20.35 and last traded at $20.29. 5,741 shares changed hands during trading, a decline of 54% from the average session volume of 12,445 shares. The stock had previously closed at $20.22.

Gladstone Land Trading Up 0.3 %

The firm’s 50-day moving average price is $20.42 and its 200-day moving average price is $21.32.

Gladstone Land Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a yield of 7.39%.

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.