Gladstone Land Co. (NASDAQ:LANDM – Get Free Report)’s stock price shot up 0.1% on Monday . The stock traded as high as $24.85 and last traded at $24.83. 1,452 shares traded hands during trading, a decline of 60% from the average session volume of 3,606 shares. The stock had previously closed at $24.80.
Gladstone Land Stock Performance
The firm’s fifty day simple moving average is $24.74 and its 200 day simple moving average is $24.69.
Gladstone Land Announces Dividend
The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a dividend of $0.1042 per share. This represents a yield of 5.05%. 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.
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