Gladstone Land Corp. (NASDAQ:LAND) announced a monthly dividend on Wednesday, October 12th. Investors of record on Tuesday, December 20th will be given a dividend of 0.0425 per share on Friday, December 30th. This represents a $0.51 annualized dividend and a yield of 4.91%. The ex-dividend date is Friday, December 16th.

Shares of Gladstone Land Corp. (NASDAQ:LAND) opened at 10.39 on Thursday. The company’s 50-day moving average is $11.07 and its 200 day moving average is $10.76. The firm has a market cap of $104.15 million, a price-to-earnings ratio of 108.23 and a beta of 0.96. Gladstone Land Corp. has a 1-year low of $6.72 and a 1-year high of $12.00.

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

A number of research firms have recently weighed in on LAND. Zacks Investment Research downgraded shares of Gladstone Land Corp. from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. JMP Securities downgraded shares of Gladstone Land Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, August 15th.

In other news, Director Caren D. Merrick bought 4,432 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were purchased at an average price of $11.29 per share, for a total transaction of $50,037.28. Following the acquisition, the director now directly owns 4,432 shares of the company’s stock, valued at approximately $50,037.28. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 21.67% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in LAND. JPMorgan Chase & Co. purchased a new position in shares of Gladstone Land Corp. during the second quarter valued at approximately $219,000. Janney Montgomery Scott LLC increased its position 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. Keeley Asset Management Corp increased its position 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 position 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. Finally, Vanguard Group Inc. increased its position 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. 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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