Gladstone Land Co. (NASDAQ:LANDO) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lowered its position in shares of Gladstone Land Co. (NASDAQ:LANDO) by 8.5% during the fourth quarter, Holdings Channel reports. The fund owned 10,390 shares of the company’s stock after selling 959 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $217,000 at the end of the most recent quarter.

Gladstone Land Trading Down 0.9 %

Shares of LANDO stock opened at $20.50 on Wednesday. The firm’s 50-day simple moving average is $20.83 and its 200-day simple moving average is $21.57. Gladstone Land Co. has a 1-year low of $18.81 and a 1-year high of $22.90.

Gladstone Land Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were paid a dividend of $0.125 per share. This represents a yield of 7.39%. The ex-dividend date was Friday, January 24th.

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.