Gladstone Land Corp. (NASDAQ:LAND) declared a monthly dividend on Wednesday, October 12th. Stockholders of record on Thursday, November 17th will be paid a dividend of 0.0425 per share on Wednesday, November 30th. This represents a $0.51 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend is Tuesday, November 15th.

Shares of Gladstone Land Corp. (NASDAQ:LAND) traded up 0.58% on Wednesday, hitting $10.39. The stock had a trading volume of 20,211 shares. The company has a 50 day moving average of $11.09 and a 200-day moving average of $10.76. Gladstone Land Corp. has a 12-month low of $6.72 and a 12-month high of $12.00. The firm has a market capitalization of $104.15 million, a P/E ratio of 108.23 and a beta of 0.96.

Dividend History for Gladstone Land Corp. (NASDAQ:LAND)

Several equities research analysts recently issued reports on LAND shares. JMP Securities downgraded shares of Gladstone Land Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, August 15th. Zacks Investment Research upgraded shares of Gladstone Land Corp. from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Thursday, July 7th.

In related news, Director Caren D. Merrick acquired 4,432 shares of the business’s stock in a transaction on Friday, August 26th. The stock was purchased at an average cost of $11.29 per share, for a total transaction of $50,037.28. Following the completion of the transaction, the director now directly owns 4,432 shares of the company’s stock, valued at approximately $50,037.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 21.67% of the company’s stock.

A number of large investors have recently modified their holdings of LAND. Keeley Asset Management Corp increased its stake in shares of Gladstone Land Corp. by 3.2% in the second quarter. Keeley Asset Management Corp now owns 32,690 shares of the company’s stock valued at $362,000 after buying an additional 1,009 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Gladstone Land Corp. by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 51,951 shares of the company’s stock valued at $575,000 after buying an additional 3,412 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Gladstone Land Corp. by 85.0% in the second quarter. Janney Montgomery Scott LLC now owns 30,980 shares of the company’s stock valued at $342,000 after buying an additional 14,230 shares during the period. Vanguard Group Inc. increased its stake in shares of Gladstone Land Corp. by 8.2% in the second quarter. Vanguard Group Inc. now owns 227,884 shares of the company’s stock valued at $2,521,000 after buying an additional 17,218 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in shares of Gladstone Land Corp. during the second quarter valued at about $219,000. Hedge funds and other institutional investors own 22.13% of the company’s stock.

Gladstone Land Corp. Company Profile

Gladstone Land Corporation is an externally-managed, agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company’s segment is farmland and farm-related properties. The Company is engaged in leasing its farms to independent farming operations and corporate farming operations.

5 Day Chart for NASDAQ:LAND

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