Gladstone Land Co. (NASDAQ:LANDP) Sees Significant Drop in Short Interest

Gladstone Land Co. (NASDAQ:LANDP) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 496 shares, a decline of 59.7% from the July 15th total of 1,231 shares. Based on an average daily volume of 23,931 shares, the days-to-cover ratio is currently 0.0 days.

Gladstone Land Stock Performance

Shares of LANDP traded up $0.06 during trading hours on Friday, hitting $21.21. The stock had a trading volume of 10,637 shares, compared to its average volume of 24,685. The firm has a 50-day moving average price of $20.75 and a 200 day moving average price of $20.31. Gladstone Land has a fifty-two week low of $18.42 and a fifty-two week high of $21.50.

Gladstone Land Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.125 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Monday, September 21st.

About Gladstone Land

Gladstone Land Corporation (NASDAQ: LANDP) is a real estate investment trust focused on the acquisition and long-term leasing of farmland across the United States. The company pursues an attractively diversified portfolio strategy that emphasizes the purchase of high-quality, irrigated farmland, which it then leases on a triple-net basis to experienced agricultural operators. Through its structure and leasing arrangements, Gladstone Land seeks to provide stable and predictable cash flows while offering agricultural producers access to capital for working operations and property improvements.

Since its founding in 2013, Gladstone Land has expanded its footprint to encompass a broad mix of crop types and geographic regions.