Short Interest in Gladstone Land Co. (NASDAQ:LANDM) Decreases By 12.5%

Gladstone Land Co. (NASDAQ:LANDM) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 4,900 shares, a decrease of 12.5% from the July 15th total of 5,600 shares. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is presently 1.8 days.

Gladstone Land Price Performance

Gladstone Land stock traded down $0.12 during mid-day trading on Monday, hitting $24.44. The stock had a trading volume of 1,179 shares, compared to its average volume of 3,139. The stock has a 50-day simple moving average of $24.31 and a two-hundred day simple moving average of $24.16. Gladstone Land has a 12 month low of $23.32 and a 12 month high of $24.80.

Gladstone Land Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a $0.1042 dividend. This represents a $1.25 annualized dividend and a yield of 5.11%. The ex-dividend date 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.