Gladstone Land Co. (NASDAQ:LANDP) Short Interest Down 51.6% in March

Gladstone Land Co. (NASDAQ:LANDP) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 799 shares, a decline of 51.6% from the March 15th total of 1,651 shares. Based on an average trading volume of 20,858 shares, the days-to-cover ratio is presently 0.0 days.

Gladstone Land Price Performance

LANDP traded up $0.09 during trading hours on Monday, reaching $20.07. 39,372 shares of the company’s stock traded hands, compared to its average volume of 25,274. The firm has a 50-day moving average price of $19.82 and a 200 day moving average price of $19.45. Gladstone Land has a 52-week low of $18.42 and a 52-week high of $20.79.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a dividend of $0.125 per share. The ex-dividend date was Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 7.5%.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ: LANDP) is a real estate investment trust focused on the acquisition and long-term leasing of farmland across the United States. The company pursues an attractively diversified portfolio strategy that emphasizes the purchase of high-quality, irrigated farmland, which it then leases on a triple-net basis to experienced agricultural operators. Through its structure and leasing arrangements, Gladstone Land seeks to provide stable and predictable cash flows while offering agricultural producers access to capital for working operations and property improvements.

Since its founding in 2013, Gladstone Land has expanded its footprint to encompass a broad mix of crop types and geographic regions.