Gladstone Land Co. (NASDAQ:LANDP) Sees Large Decline in Short Interest

Gladstone Land Co. (NASDAQ:LANDP) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 1,877 shares, a decrease of 74.0% from the October 15th total of 7,207 shares. Based on an average daily volume of 15,746 shares, the short-interest ratio is currently 0.1 days.

Gladstone Land Stock Performance

Gladstone Land stock traded up $0.07 on Friday, hitting $19.00. 15,363 shares of the stock traded hands, compared to its average volume of 23,561. The business’s fifty day simple moving average is $19.69 and its 200 day simple moving average is $20.19. Gladstone Land has a 1 year low of $18.42 and a 1 year high of $21.50.

Gladstone Land Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be paid a $0.1250 dividend. This represents a $1.50 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Monday, December 21st.

Gladstone Land Company Profile

Gladstone Land Corporation is a real estate investment trust focused on owning and leasing farmland in the United States. It rents its properties to independent farmers, who cultivate crops on the land. The company’s portfolio includes farms used to grow fresh produce and permanent crops such as fruit and nuts. Gladstone Land seeks properties with suitable growing conditions and reliable water access, and its leases provide farmers with use of the land while the company remains its owner. Gladstone Land’s common stock trades under the symbol LAND; LANDP represents its Series B preferred stock.