Gladstone Land Co. (NASDAQ:LANDM – Get Free Report)’s share price fell 0.1% during trading on Friday . The company traded as low as $24.62 and last traded at $24.62. 647 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 3,223 shares. The stock had previously closed at $24.65.
Gladstone Land Stock Down 0.1 %
The firm has a fifty day simple moving average of $24.82 and a two-hundred day simple moving average of $24.54.
Gladstone Land Dividend Announcement
The business also recently announced a dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd were given a dividend of $0.1042 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, October 22nd.
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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