Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 500 shares, a drop of 82.1% from the June 15th total of 2,800 shares. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Trading of Gladstone Land
An institutional investor recently bought a new position in Gladstone Land stock. Moloney Securities Asset Management LLC bought a new position in Gladstone Land Co. (NASDAQ:LANDO – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,506 shares of the company’s stock, valued at approximately $211,000.
Gladstone Land Stock Up 1.8 %
Gladstone Land stock traded up $0.38 during mid-day trading on Thursday, reaching $21.47. 10,284 shares of the stock traded hands, compared to its average volume of 11,785. The business’s 50-day moving average is $20.46 and its 200-day moving average is $20.13. Gladstone Land has a 12-month low of $16.85 and a 12-month high of $21.75.
Gladstone Land Announces Dividend
Gladstone Land Company Profile
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.
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