Gladstone Land Co. (NASDAQ:LANDO) Sees Significant Decline in Short Interest

Gladstone Land Co. (NASDAQ:LANDO) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 11,694 shares, a decrease of 38.7% from the June 15th total of 19,084 shares. Based on an average daily trading volume, of 17,247 shares, the days-to-cover ratio is presently 0.7 days.

Gladstone Land Stock Up 1.5%

LANDO opened at $20.95 on Thursday. The firm’s fifty day moving average price is $20.71 and its two-hundred day moving average price is $20.27. Gladstone Land has a 1 year low of $18.50 and a 1 year high of $21.50.

Gladstone Land Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, September 21st.

Gladstone Land Company Profile

Gladstone Land (NASDAQ:LAND) is a real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland across the United States. The company purchases agricultural properties and leases them to farmers under long-term, triple-net lease agreements. By focusing exclusively on high-quality farmland, Gladstone Land aims to provide investors with steady income and potential for long-term capital appreciation, while supporting the operational needs of farming businesses.

The company’s portfolio includes a diversified mix of row crop and permanent crop farmland, spanning key agricultural regions in states such as California, Washington, Florida, Pennsylvania and North Carolina.