Moloney Securities Asset Management LLC Sells 616 Shares of Gladstone Land Co. (NASDAQ:LANDP)

Moloney Securities Asset Management LLC lowered its holdings in shares of Gladstone Land Co. (NASDAQ:LANDP) by 4.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 12,593 shares of the company’s stock after selling 616 shares during the period. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $275,000 as of its most recent filing with the SEC.

Gladstone Land Trading Down 0.4 %

Gladstone Land stock opened at $21.70 on Thursday. Gladstone Land Co. has a 52 week low of $17.48 and a 52 week high of $22.63. The stock has a 50-day simple moving average of $21.61 and a 200 day simple moving average of $20.86.

Gladstone Land Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date of this dividend is Friday, December 20th.

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.