Gladstone Land Co. (NASDAQ:LANDO) Sees Large Drop in Short Interest

by · The Markets Daily

Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 3,331 shares, a decrease of 71.5% from the June 30th total of 11,694 shares. Based on an average daily trading volume, of 11,715 shares, the days-to-cover ratio is presently 0.3 days.

Gladstone Land Stock Down 0.1%

LANDO stock traded down $0.02 during trading on Monday, hitting $21.39. 26,061 shares of the company traded hands, compared to its average volume of 15,131. The stock’s 50-day simple moving average is $20.73 and its 200 day simple moving average is $20.40. Gladstone Land has a 1 year low of $18.50 and a 1 year high of $21.50.

Gladstone Land Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a $0.125 dividend. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Monday, September 21st.

Gladstone Land Company Profile

(Get Free Report)

Gladstone Land (NASDAQ:LAND) is a real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland across the United States. The company purchases agricultural properties and leases them to farmers under long-term, triple-net lease agreements. By focusing exclusively on high-quality farmland, Gladstone Land aims to provide investors with steady income and potential for long-term capital appreciation, while supporting the operational needs of farming businesses.

The company’s portfolio includes a diversified mix of row crop and permanent crop farmland, spanning key agricultural regions in states such as California, Washington, Florida, Pennsylvania and North Carolina.

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