Moloney Securities Asset Management LLC Reduces Stake in Gladstone Land Co. (NASDAQ:LANDO)

Moloney Securities Asset Management LLC trimmed its position in shares of Gladstone Land Co. (NASDAQ:LANDO) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,390 shares of the company’s stock after selling 959 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $217,000 at the end of the most recent reporting period.

Gladstone Land Stock Down 0.9 %

Shares of NASDAQ LANDO opened at $20.50 on Wednesday. The firm’s 50-day moving average is $20.83 and its two-hundred day moving average is $21.57. Gladstone Land Co. has a 12-month low of $18.81 and a 12-month high of $22.90.

Gladstone Land Announces Dividend

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

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.