The Gladstone Land Corp. (LAND) Plans $0.04 Monthly Dividend

The Gladstone Land Corp. (LAND) Plans $0.04 Monthly Dividend

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 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Tuesday, November 15th.

Gladstone Land Corp. (NASDAQ:LAND) opened at 10.39 on Thursday. Gladstone Land Corp. has a one year low of $6.72 and a one year high of $12.00. The stock has a market cap of $104.15 million, a PE ratio of 108.23 and a beta of 0.96. The stock has a 50 day moving average price of $11.07 and a 200-day moving average price of $10.76.

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

In other Gladstone Land Corp. news, Director Caren D. Merrick purchased 4,432 shares of the stock in a transaction on Friday, August 26th. The shares were bought at an average price of $11.29 per share, for a total transaction of $50,037.28. Following the completion of the transaction, the director now 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.67% of the company’s stock.

A number of institutional investors have recently modified their holdings of LAND. JPMorgan Chase & Co. acquired a new position in shares of Gladstone Land Corp. during the second quarter worth about $219,000. 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 worth $575,000 after buying an additional 3,412 shares in the last quarter. 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 worth $2,521,000 after buying an additional 17,218 shares in the last quarter. 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 worth $342,000 after buying an additional 14,230 shares in the last quarter. Finally, 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 worth $362,000 after buying an additional 1,009 shares in the last quarter. Institutional investors own 22.13% of the company’s stock.

About Gladstone Land Corp.

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