Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Drops By 32.4%

Gladstone Land Co. (NASDAQ:LANDO) was the target of a large decline in short interest in the month of 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 volume of 21,628 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 21,628 shares, the days-to-cover ratio is currently 0.2 days.

Gladstone Land Stock Down 0.4%

NASDAQ LANDO traded down $0.08 during trading hours on Tuesday, reaching $18.78. The company’s stock had a trading volume of 42,406 shares, compared to its average volume of 13,876. The firm has a fifty day simple moving average of $19.25 and a 200-day simple moving average of $19.44. Gladstone Land has a 52 week low of $18.50 and a 52 week 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 dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Monday, December 22nd.

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.