Gladstone Land Co. (NASDAQ:LANDP) Short Interest Down 83.8% in May

Gladstone Land Co. (NASDAQ:LANDP) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 964 shares, a decline of 83.8% from the May 14th total of 5,935 shares. Based on an average daily volume of 24,734 shares, the days-to-cover ratio is currently 0.0 days.

Gladstone Land Price Performance

Shares of Gladstone Land stock traded up $0.02 on Thursday, reaching $20.45. The company had a trading volume of 10,881 shares, compared to its average volume of 24,972. The firm’s 50-day moving average price is $20.39 and its two-hundred day moving average price is $19.75. Gladstone Land has a 1 year low of $18.42 and a 1 year high of $21.18.

Gladstone Land Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a $0.125 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

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.