Gladstone Land Co. (NASDAQ:LANDO) Sees Large Drop in Short Interest

Gladstone Land Co. (NASDAQ:LANDO) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,479 shares, a decline of 76.4% from the August 31st total of 23,257 shares. Based on an average daily trading volume, of 17,557 shares, the short-interest ratio is presently 0.3 days.

Gladstone Land Stock Performance

NASDAQ LANDO traded up $0.08 during mid-day trading on Friday, reaching $19.80. 13,658 shares of the stock were exchanged, compared to its average volume of 15,156. The business’s 50 day moving average is $21.02 and its 200-day moving average is $20.75. Gladstone Land has a 1 year low of $18.50 and a 1 year high of $22.08.

Gladstone Land Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.1250 dividend. This represents a $1.50 annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Monday, September 21st.

About Gladstone Land

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.