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

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

Gladstone Land Stock Performance

LANDO traded up $0.05 on Friday, reaching $20.95. The company had a trading volume of 5,639 shares, compared to its average volume of 14,933. Gladstone Land has a one year low of $18.50 and a one year high of $21.50. The company has a fifty day moving average of $20.70 and a 200-day moving average of $20.29.

Gladstone Land Announces Dividend

The company also recently announced 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) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date 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.