Gladstone Land Co. (NASDAQ:LANDO) Short Interest Down 32.4% in December

Gladstone Land Co. (NASDAQ:LANDO) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 5,119 shares, a decline of 32.4% from the November 30th total of 7,567 shares. Based on an average daily trading volume, of 21,628 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 21,628 shares, the days-to-cover ratio is currently 0.2 days.

Gladstone Land Trading Up 1.5%

Shares of NASDAQ:LANDO traded up $0.27 during trading hours on Monday, reaching $18.86. The stock had a trading volume of 65,072 shares, compared to its average volume of 13,762. The firm’s 50 day moving average is $19.26 and its 200-day moving average is $19.45. Gladstone Land has a 1 year low of $18.50 and a 1 year high of $21.40.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a $0.125 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

Gladstone Land Company Profile

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.