Gladstone Land (NASDAQ:LANDP) Shares Up 0.1% – Should You Buy?

Gladstone Land Co. (NASDAQ:LANDP) shares rose 0.1% during trading on Monday . The company traded as high as $19.81 and last traded at $19.7150. Approximately 23,920 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 25,677 shares. The stock had previously closed at $19.69.

Gladstone Land Stock Performance

The company has a 50 day moving average of $19.73 and a 200 day moving average of $19.45.

Gladstone Land Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be given a $0.125 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 7.6%.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ: LANDP) is a real estate investment trust focused on the acquisition and long-term leasing of farmland across the United States. The company pursues an attractively diversified portfolio strategy that emphasizes the purchase of high-quality, irrigated farmland, which it then leases on a triple-net basis to experienced agricultural operators. Through its structure and leasing arrangements, Gladstone Land seeks to provide stable and predictable cash flows while offering agricultural producers access to capital for working operations and property improvements.

Since its founding in 2013, Gladstone Land has expanded its footprint to encompass a broad mix of crop types and geographic regions.