Gladstone Land Corp (LAND) gains 2.76% for July 20

Equities Staff  |

Gladstone Land Corp (NASDAQ: LAND) shares gained 2.76%, or $0.65 per share, to close Tuesday at $24.22. After opening the day at $23.62, shares of Gladstone Land fluctuated between $24.34 and $23.59. 338,458 shares traded hands an increase from their 30 day average of 248,721. Tuesday's activity brought Gladstone Land’s market cap to $711,036,301.

Gladstone Land is headquartered in Mc Lean, Virginia..

About Gladstone Land Corp

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 137 farms, comprised of approximately 101,000 acres in 13 different states, valued at approximately $1.2 billion. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh, produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 96 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 21 times over the prior 24 quarters, and the current per-share distribution on its common stock is $0.04495 per month or $0.5394 per year.

Visit Gladstone Land Corp’s profile for more information.

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To get more information on Gladstone Land Corp and to follow the company’s latest updates, you can visit the company’s profile page here: Gladstone Land Corp’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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