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

Moloney Securities Asset Management LLC cut its holdings in Gladstone Land Co. (NASDAQ:LANDO) by 15.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,349 shares of the company’s stock after selling 2,131 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $258,000 at the end of the most recent quarter.

Gladstone Land Trading Down 0.2 %

LANDO stock opened at $21.85 on Thursday. The company’s 50 day simple moving average is $22.07 and its 200-day simple moving average is $21.25. Gladstone Land Co. has a 12 month low of $17.31 and a 12 month high of $22.90.

Gladstone Land Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a dividend yield of 6.9%.

Gladstone Land 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.