Gladstone Land Corp. (LAND) Sets New 52-Week High at $11.81
Gladstone Land Corp. (NASDAQ:LAND) shares reached a new 52-week high during trading on Monday . The stock traded as high as $11.81 and last traded at $11.78, with a volume of 71,388 shares traded. The stock had previously closed at $11.21.
Several research analysts recently commented on the stock. JMP Securities lowered shares of Gladstone Land Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, August 15th. Zacks Investment Research downgraded shares of Gladstone Land Corp. from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a report on Wednesday, May 4th.
The stock has a market capitalization of $118.08 million and a PE ratio of 122.71. The stock has a 50 day moving average of $11.29 and a 200-day moving average of $10.30.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 22nd will be given a $0.0413 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 4.20%.
In related news, Director Caren D. Merrick bought 4,432 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were bought at an average cost of $11.29 per share, for a total transaction of $50,037.28. Following the transaction, the director now owns 4,432 shares of the company’s stock, valued at $50,037.28. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Gladstone Land Corporation is an externally-managed, agricultural real estate investment trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company’s segment is farmland and farm-related properties. The Company is engaged in leasing its farms to independent farming operations and corporate farming operations.
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