Gladstone Land (NASDAQ:LANDO) Trading Down 0.8%

Gladstone Land Co. (NASDAQ:LANDO) was down 0.8% during trading on Thursday . The company traded as low as $19.33 and last traded at $19.40. Approximately 23,862 shares traded hands during trading, an increase of 106% from the average daily volume of 11,567 shares. The stock had previously closed at $19.55.

Gladstone Land Trading Down 0.8 %

The stock has a fifty day moving average of $19.90 and a two-hundred day moving average of $19.53.

Gladstone Land Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were paid a $0.125 dividend. The ex-dividend date was Thursday, April 18th. This represents a dividend yield of 7.76%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gladstone Land stock. Moloney Securities Asset Management LLC bought a new position in Gladstone Land Co. (NASDAQ:LANDO) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,506 shares of the company’s stock, valued at approximately $211,000.

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.