Gladstone Land Co. (NASDAQ:LANDM – Get Free Report)’s share price fell 0.2% during trading on Tuesday . The stock traded as low as $24.84 and last traded at $24.84. 1,566 shares changed hands during trading, a decline of 51% from the average session volume of 3,182 shares. The stock had previously closed at $24.88.
Gladstone Land Stock Down 0.3 %
The business has a 50 day moving average price of $24.79 and a two-hundred day moving average price of $24.73.
Gladstone Land Announces Dividend
The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a $0.1042 dividend. The ex-dividend date was Friday, January 24th. This represents a yield of 5.05%.
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.
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