Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) saw a significant decrease in short interest in 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 trading volume of 17,247 shares, the short-interest ratio is currently 0.7 days.
Gladstone Land Stock Up 1.5%
Shares of LANDO opened at $20.95 on Thursday. The stock has a 50 day moving average of $20.71 and a 200 day moving average of $20.27. Gladstone Land has a 12 month low of $18.50 and a 12 month high of $21.50.
Gladstone Land Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 7.2%.
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.
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