Moloney Securities Asset Management LLC Has $226,000 Holdings in Gladstone Land Co. (NASDAQ:LANDP)

Moloney Securities Asset Management LLC trimmed its stake in Gladstone Land Co. (NASDAQ:LANDP) by 13.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,907 shares of the company’s stock after selling 1,686 shares during the period. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Gladstone Land Stock Performance

Shares of NASDAQ LANDP opened at $20.40 on Wednesday. Gladstone Land Co. has a one year low of $19.05 and a one year high of $22.63. The business has a fifty day simple moving average of $20.85 and a 200 day simple moving average of $21.27.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be paid a $0.125 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date is Wednesday, February 19th.

Gladstone Land Company 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.