Gladstone Land Co. (NASDAQ:LANDP) Stock Short Interest Report for September

Gladstone Land Co. (NASDAQ:LANDP) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 7,447 shares, an increase of 68.6% from the September 15th total of 4,416 shares. Based on an average trading volume of 23,428 shares, the short-interest ratio is presently 0.3 days.

Gladstone Land Trading Down 0.9%

Shares of NASDAQ:LANDP opened at $19.61 on Friday. The company’s 50-day moving average price is $20.36 and its 200 day moving average price is $20.46. Gladstone Land has a fifty-two week low of $18.42 and a fifty-two week high of $21.50.

Gladstone Land Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be given a $0.1250 dividend. The ex-dividend date is Monday, December 21st. This represents a $1.50 annualized dividend and a yield of 7.6%.

About Gladstone Land

Gladstone Land Corporation is a real estate investment trust (REIT) that owns and leases farmland and agricultural properties in the United States. The company primarily invests in high-quality farmland that can generate rental income from agricultural operators under long-term lease agreements.

Its portfolio includes properties used to grow a variety of crops, including vegetables, fruits, nuts and other specialty crops, as well as annual row crops. Gladstone Land generally leases its properties to farming businesses under arrangements designed to provide recurring rental income while allowing tenants to manage day-to-day agricultural operations.

Gladstone Land serves agricultural markets across multiple U.S.