Brick & Kyle Associates Has $1.16 Million Stock Holdings in Gladstone Land Co. (NASDAQ:LANDO)

Brick & Kyle Associates lowered its stake in Gladstone Land Co. (NASDAQ:LANDO) by 3.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 54,968 shares of the company’s stock after selling 1,746 shares during the period. Brick & Kyle Associates’ holdings in Gladstone Land were worth $1,159,000 as of its most recent filing with the SEC.

Separately, Moloney Securities Asset Management LLC acquired a new position in Gladstone Land in the 1st quarter valued at $211,000.

Gladstone Land Stock Performance

LANDO stock opened at $22.79 on Friday. Gladstone Land Co. has a fifty-two week low of $16.85 and a fifty-two week high of $22.87. The business’s fifty day moving average price is $21.85 and its two-hundred day moving average price is $20.85.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 6.58%. The ex-dividend date of this dividend is Friday, September 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.