Gladstone Land (NASDAQ:LANDP) Shares Up 0.2%

Shares of Gladstone Land Co. (NASDAQ:LANDP) were up 0.2% during mid-day trading on Tuesday . The company traded as high as $22.28 and last traded at $22.20. Approximately 44,999 shares were traded during trading, an increase of 133% from the average daily volume of 19,309 shares. The stock had previously closed at $22.15.

Gladstone Land Stock Performance

The business has a 50 day moving average price of $21.26 and a 200-day moving average price of $20.48.

Gladstone Land Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th 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 6.76%. The ex-dividend date is Friday, September 20th.

Hedge Funds Weigh In On Gladstone Land

A hedge fund recently raised its stake in Gladstone Land stock. Moloney Securities Asset Management LLC boosted its position in Gladstone Land Co. (NASDAQ:LANDP) by 15.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

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.