Gladstone Land Draws Attention Following Board Decision; Dividend Focus Remains for Farmland REIT
Gladstone Land Corp. picked up some ground on the Nasdaq Tuesday after naming George “Chip” Stelljes III to its board. The farmland REIT is facing issues with rent collection timing, water expenses and keeping up its dividend. REITs pay out most of their taxable income as dividends. The stock was last seen at $9.255, up 0.7% from where it finished Monday, with around 29,600 shares traded. Farmland Partners, its nearest listed farmland rival, was up 0.6%. The Vanguard Real Estate ETF lost 0.2%. The iShares Russell 2000 ETF, which tracks small-cap stocks, added 0.3%.