Gladstone Land (NASDAQ:LANDP) Shares Down 1.3% – Here’s What Happened

Gladstone Land Co. (NASDAQ:LANDP) shares traded down 1.3% during trading on Thursday . The stock traded as low as $21.50 and last traded at $21.71. 23,275 shares were traded during trading, an increase of 13% from the average session volume of 20,573 shares. The stock had previously closed at $21.99.

Gladstone Land Stock Performance

The business’s fifty day moving average price is $21.67 and its two-hundred day moving average price is $21.14.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.90%.

Institutional Investors Weigh In On Gladstone Land

An institutional investor recently raised its position in Gladstone Land stock. Moloney Securities Asset Management LLC lifted its holdings in Gladstone Land Co. (NASDAQ:LANDP) by 15.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,209 shares of the company’s stock after purchasing an additional 1,800 shares during the period. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $278,000 as of its most recent filing with the SEC.

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.