UFO - Did it land?

UFO 2011401190447

On January 19, 2014, I awoke for some odd reason with a desire to go outside. It was 4:47AM and I went outside to our picnic table and was looking around the sky and noticed this light in the western sky.
I knew it was not a star or planet as I'm a amateur astronomer. I watched the light which was white in color and then noticed it slowly disappeared, it then came back for about 15-20 seconds and disappeared. At that point I ran back into my home and got my video camera and tripod.
I videotaped the object and for about 27 minutes. During this time the object I believe may have landed, but I'm not sure. I do know that there was something on the ground that was flashing in a consistent manner, it was something that was not there when I first started looking at the sky as there was nothing flashing before I noticed the light in the sky.
I have never experienced anything like this before, but I do go out there nightly because this area off highway 87 has strange things in the sky so I make it a point to try and find something.
One important thing of note is that I copied this video to post on YouTube.com, but what's strange is that the audio is choppy. I've never had a problem with this camera, but if you watch the video at the end (27:20 mark) you can see a daylight shot which I took at 7AM in which my dog is in it and you can hear me speak normally. I think that the object I was video taping was actually interfering with the camera. Here is the YouTube link: