Moloney Securities Asset Management LLC Has $284,000 Stock Position in Gladstone Land Co. (NASDAQ:LANDO)

Moloney Securities Asset Management LLC lifted its position in shares of Gladstone Land Co. (NASDAQ:LANDO) by 28.3% in the second quarter, Holdings Channel reports. The institutional investor owned 13,480 shares of the company’s stock after acquiring an additional 2,974 shares during the period. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $284,000 as of its most recent filing with the SEC.

Gladstone Land Stock Performance

Shares of NASDAQ LANDO opened at $21.17 on Friday. Gladstone Land Co. has a 52 week low of $16.85 and a 52 week high of $22.54. The stock’s fifty day moving average is $21.53 and its 200 day moving average is $20.61.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date is Friday, September 20th.

Gladstone Land Company 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.