Shares of Gladstone Land Co. (NASDAQ:LANDM – Get Free Report) were down 0.2% during mid-day trading on Tuesday . The stock traded as low as $24.84 and last traded at $24.84. Approximately 1,566 shares were traded during trading, a decline of 51% from the average daily volume of 3,182 shares. The stock had previously closed at $24.88.
Gladstone Land Stock Performance
The stock has a fifty day simple moving average of $24.78 and a 200-day simple moving average of $24.73.
Gladstone Land Announces Dividend
The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a dividend of $0.1042 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 5.05%.
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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