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 Video: What is a Stock Split?
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| Gladstone Land Corporation is a real estate investment trust that acquires and owns farmland and farm-related properties located in various agricultural markets in the U.S.. Co. owns around 168 farms, comprised of 112,000 acres in 15 different states and 46,400 acre-feet of water assets in California. Its farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables. It 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. According to our LAND split history records, Gladstone Land has had 1 split. | |
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Gladstone Land (LAND) has 1 split in our LAND split history database. The split for LAND took place on September 10, 2002. This was a 3 for 2 split, meaning for each 2 shares of LAND owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as Gladstone Land splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the LAND split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gladstone Land shares, starting with a $10,000 purchase of LAND, presented on a split-history-adjusted basis factoring in the complete LAND split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
11/20/2015 |
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| End date: |
11/18/2025 |
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| Start price/share: |
$9.16 |
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| End price/share: |
$9.38 |
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| Starting shares: |
1,091.70 |
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| Ending shares: |
1,625.77 |
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| Dividends reinvested/share: |
$5.38 |
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| Total return: |
52.50% |
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| Average Annual Total Return: |
4.31% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,251.40 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
11/20/2015 |
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| End date: |
11/18/2025 |
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| Start price/share: |
$9.16 |
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| End price/share: |
$9.38 |
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| Dividends collected/share: |
$5.38 |
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| Total return: |
61.15% |
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| Average Annual Total Return: |
4.89% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,121.21 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/10/2002 | 3 for 2 |
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