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

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

Gladstone Land Price Performance

Gladstone Land stock traded up $0.04 during trading on Monday, reaching $19.84. The company had a trading volume of 22,671 shares, compared to its average volume of 15,196. Gladstone Land has a 12-month low of $18.50 and a 12-month high of $22.08. The stock’s 50 day moving average price is $21.02 and its two-hundred day moving average price is $20.76.

Gladstone Land Announces Dividend

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

About Gladstone Land

Gladstone Land Corporation is a real estate investment trust (REIT) focused on acquiring, owning and leasing farmland in the United States. The company primarily invests in agricultural properties that produce specialty crops, such as fruits, vegetables and nuts, as well as farmland used for other crops and agricultural purposes.

Gladstone Land generally leases its properties to experienced farmers and agricultural operators under long-term, largely fixed-rent agreements. Its portfolio may also include farm-related assets such as processing, cooling, packing and storage facilities that support agricultural production.