Gladstone Land Co. (NASDAQ:LANDP) Short Interest Update

Gladstone Land Co. (NASDAQ:LANDP) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,700 shares, a drop of 52.8% from the September 15th total of 3,600 shares. Based on an average daily trading volume, of 26,800 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 26,800 shares, the short-interest ratio is currently 0.1 days.

Gladstone Land Trading Up 0.1%

NASDAQ:LANDP opened at $19.39 on Wednesday. The firm’s fifty day moving average price is $19.45 and its 200 day moving average price is $19.61. Gladstone Land has a 1-year low of $18.21 and a 1-year high of $22.45.

Gladstone Land Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a $0.125 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, December 22nd.

About Gladstone Land

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.