Gladstone Land (NASDAQ:LANDO) Stock Price Down 0.1% – Should You Sell?

Gladstone Land Co. (NASDAQ:LANDO) was down 0.1% during trading on Wednesday . The stock traded as low as $19.11 and last traded at $19.22. Approximately 3,960 shares changed hands during trading, a decline of 69% from the average daily volume of 12,941 shares. The stock had previously closed at $19.24.

Gladstone Land Stock Performance

The firm’s 50 day simple moving average is $19.55 and its 200 day simple moving average is $19.91.

Gladstone Land Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.125 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Monday, September 22nd.

Institutional Trading of Gladstone Land

A hedge fund recently raised its stake in Gladstone Land stock. Brick & Kyle Associates raised its holdings in shares of Gladstone Land Co. (NASDAQ:LANDO) by 1,006.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,968 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Brick & Kyle Associates’ holdings in Gladstone Land were worth $1,119,000 at the end of the most recent quarter.

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.