Gladstone Land Co. (NASDAQ:LANDP) Sees Large Decline in Short Interest

Gladstone Land Co. (NASDAQ:LANDP) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,651 shares, a drop of 82.6% from the February 26th total of 9,480 shares. Based on an average trading volume of 18,464 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 18,464 shares, the days-to-cover ratio is presently 0.1 days.

Gladstone Land Stock Performance

NASDAQ:LANDP traded up $0.23 during trading hours on Tuesday, reaching $19.83. 17,042 shares of the company were exchanged, compared to its average volume of 25,522. The stock’s 50-day moving average is $19.71 and its 200-day moving average is $19.44. Gladstone Land has a twelve month low of $18.21 and a twelve month high of $20.79.

Gladstone Land Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ: LANDP) is a real estate investment trust focused on the acquisition and long-term leasing of farmland across the United States. The company pursues an attractively diversified portfolio strategy that emphasizes the purchase of high-quality, irrigated farmland, which it then leases on a triple-net basis to experienced agricultural operators. Through its structure and leasing arrangements, Gladstone Land seeks to provide stable and predictable cash flows while offering agricultural producers access to capital for working operations and property improvements.

Since its founding in 2013, Gladstone Land has expanded its footprint to encompass a broad mix of crop types and geographic regions.