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

Gladstone Land Co. (NASDAQ:LANDM) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 2,195 shares, an increase of 43.4% from the December 15th total of 1,531 shares. Based on an average daily volume of 4,669 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 4,669 shares, the short-interest ratio is currently 0.5 days.

Gladstone Land Stock Performance

Shares of LANDM traded up $0.01 during mid-day trading on Friday, hitting $25.04. The company’s stock had a trading volume of 4,200 shares, compared to its average volume of 12,200. Gladstone Land has a fifty-two week low of $24.35 and a fifty-two week high of $25.05. The firm has a 50-day moving average price of $24.93 and a 200 day moving average price of $24.88.

Gladstone Land Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Wednesday, March 25th will be issued a $0.1042 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 5.0%.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ:LANDM) is a real estate investment trust specializing in the acquisition and management of farmland across the United States. Established in 2013 and headquartered in McLean, Virginia, the company focuses on generating stable income through long-term rental agreements with accredited agricultural operators. As one of the few publicly traded farmland REITs, Gladstone Land seeks to provide investors with exposure to a diversified portfolio of land assets tied to the essential agricultural sector.

The company’s primary business activity involves purchasing high-quality farmland and leasing it back under triple-net arrangements, whereby tenants assume responsibility for property taxes, insurance and maintenance.