Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 1,877 shares, a decline of 74.0% from the October 15th total of 7,207 shares. Based on an average daily trading volume, of 15,746 shares, the days-to-cover ratio is currently 0.1 days.
Gladstone Land Stock Performance
LANDP opened at $19.00 on Thursday. The company’s 50-day simple moving average is $19.72 and its two-hundred day simple moving average is $20.19. Gladstone Land has a 52-week low of $18.42 and a 52-week high of $21.50.
Gladstone Land Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, December 21st will be paid a $0.1250 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Monday, December 21st.
About Gladstone Land
Gladstone Land Corporation is a real estate investment trust focused on owning and leasing farmland in the United States. It rents its properties to independent farmers, who cultivate crops on the land. The company’s portfolio includes farms used to grow fresh produce and permanent crops such as fruit and nuts. Gladstone Land seeks properties with suitable growing conditions and reliable water access, and its leases provide farmers with use of the land while the company remains its owner. Gladstone Land’s common stock trades under the symbol LAND; LANDP represents its Series B preferred stock.
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