Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Decreases By 38.7%

Gladstone Land Co. (NASDAQ:LANDO) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 11,694 shares, a drop of 38.7% from the June 15th total of 19,084 shares. Based on an average trading volume of 17,247 shares, the short-interest ratio is currently 0.7 days.

Gladstone Land Price Performance

Shares of Gladstone Land stock traded down $0.01 on Friday, hitting $20.89. The company’s stock had a trading volume of 6,379 shares, compared to its average volume of 14,947. Gladstone Land has a 1 year low of $18.50 and a 1 year high of $21.50. The firm has a fifty day moving average price of $20.69 and a 200-day moving average price of $20.29.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.125 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, September 21st.

About Gladstone Land

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.