Gladstone Land Co. (NASDAQ:LANDM – Get Free Report) shares were down 0% on Friday . The stock traded as low as $24.87 and last traded at $24.89. Approximately 818 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 4,696 shares. The stock had previously closed at $24.89.
Gladstone Land Price Performance
The company’s 50-day simple moving average is $24.87 and its two-hundred day simple moving average is $24.78.
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.
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