Moloney Securities Asset Management LLC Has $226,000 Stock Position in Gladstone Land Co. (NASDAQ:LANDP)

Moloney Securities Asset Management LLC lowered its holdings in shares of Gladstone Land Co. (NASDAQ:LANDP) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,907 shares of the company’s stock after selling 1,686 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Gladstone Land Stock Down 0.0 %

Shares of Gladstone Land stock opened at $20.40 on Wednesday. Gladstone Land Co. has a 12-month low of $19.05 and a 12-month high of $22.63. The stock has a 50 day moving average price of $20.85 and a two-hundred day moving average price of $21.27.

Gladstone Land Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $1.50 annualized dividend and a yield of 7.35%.

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.