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

Gladstone Land Co. (NASDAQ:LANDP) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 4,416 shares, a growth of 496.8% from the August 31st total of 740 shares. Based on an average daily volume of 23,465 shares, the short-interest ratio is currently 0.2 days.

Gladstone Land Price Performance

NASDAQ:LANDP traded up $0.14 during trading hours on Friday, reaching $19.89. The company’s stock had a trading volume of 14,231 shares, compared to its average volume of 24,508. The firm has a 50-day simple moving average of $20.71 and a 200-day simple moving average of $20.45. Gladstone Land has a 1 year low of $18.42 and a 1 year high of $21.50.

Gladstone Land Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.1250 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, September 21st.

About Gladstone Land

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.