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

Moloney Securities Asset Management LLC lessened its position in shares of Gladstone Land Co. (NASDAQ:LANDP) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Gladstone Land Trading Down 0.4 %

LANDP stock opened at $21.70 on Thursday. The stock has a 50-day moving average price of $21.61 and a two-hundred day moving average price of $20.86. Gladstone Land Co. has a 1 year low of $17.48 and a 1 year high of $22.63.

Gladstone Land Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.91%. The ex-dividend date is Friday, December 20th.

About Gladstone Land

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.