20,333 Shares in Gladstone Land Co. (NASDAQ:LANDP) Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC purchased a new position in Gladstone Land Co. (NASDAQ:LANDP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,333 shares of the company’s stock, valued at approximately $386,000.

Gladstone Land Price Performance

Shares of Gladstone Land stock opened at $19.90 on Thursday. The stock has a 50 day moving average of $19.74 and a 200 day moving average of $18.81. Gladstone Land Co. has a 12 month low of $15.90 and a 12 month high of $21.50.

Gladstone Land Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 21st 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 7.54%. The ex-dividend date of this dividend is Wednesday, March 20th.

Gladstone Land 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.