Gladstone Land Co. (NASDAQ:LANDM) Short Interest Update

Gladstone Land Co. (NASDAQ:LANDM) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 5,600 shares, an increase of 133.3% from the June 30th total of 2,400 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is currently 2.3 days.

Gladstone Land Trading Down 0.0 %

Shares of NASDAQ:LANDM traded down $0.01 during trading on Friday, reaching $24.22. 1,846 shares of the stock were exchanged, compared to its average volume of 3,007. The stock has a 50-day moving average price of $24.25 and a 200-day moving average price of $24.10. Gladstone Land has a 12 month low of $23.32 and a 12 month high of $24.57.

Gladstone Land Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a $0.1042 dividend. This represents a $1.25 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend is Friday, September 20th.

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.