Jim Cramer on These 9 Stocks Recently

4. Gladstone Land Corporation (NASDAQ:LAND)

Number of Hedge Fund Holders: 10

Asking about Gladstone Land Corporation (NASDAQ:LAND), a caller mentioned its monthly dividend and that it comes out to roughly 5% annually. In response, Cramer said:

“I’m gonna see your Gladstone Land and raise you with Realty Income, which also has a monthly dividend and I feel much better about it. What can I say?”

Gladstone Land (NASDAQ:LAND) is a real estate investment trust that acquires and owns farmland and farm-related properties, leasing them to independent farmers. The company holds a variety of farms, including those growing permanent crops like almonds, apples, and pistachios, as well as blueberry groves and vineyards. For context, over the past year, LAND stock declined more than 18% while O stock went up over 7%. In February, Cramer commented:

“We also hear it from one of my favorite real estate investment trusts. I know boring I, you know what, I like making money. It’s never boring. Realty Income, letter O, I’m partial to this one because it pays a monthly dividend, which just got boosted earlier this week.”