Short Interest in Gladstone Land Co. (NASDAQ:LANDM) Declines By 62.7%

Gladstone Land Co. (NASDAQ:LANDM) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,531 shares, a decline of 62.7% from the November 30th total of 4,107 shares. Based on an average daily volume of 4,380 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 4,380 shares, the short-interest ratio is presently 0.3 days.

Gladstone Land Stock Up 0.1%

LANDM stock traded up $0.02 on Friday, hitting $24.90. 3,357 shares of the company’s stock traded hands, compared to its average volume of 6,656. Gladstone Land has a 1-year low of $24.35 and a 1-year high of $25.01. The stock has a fifty day moving average of $24.90 and a 200-day moving average of $24.85.

Gladstone Land Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a $0.1042 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Monday, December 22nd.

Gladstone Land Company Profile

Gladstone Land Corporation (NASDAQ:LANDM) is a real estate investment trust specializing in the acquisition and management of farmland across the United States. Established in 2013 and headquartered in McLean, Virginia, the company focuses on generating stable income through long-term rental agreements with accredited agricultural operators. As one of the few publicly traded farmland REITs, Gladstone Land seeks to provide investors with exposure to a diversified portfolio of land assets tied to the essential agricultural sector.

The company’s primary business activity involves purchasing high-quality farmland and leasing it back under triple-net arrangements, whereby tenants assume responsibility for property taxes, insurance and maintenance.