Gladstone Land Co. (NASDAQ:LANDO) Sees Large Growth in Short Interest

Gladstone Land Co. (NASDAQ:LANDO) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 8,500 shares, a growth of 97.7% from the August 31st total of 4,300 shares. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is currently 0.6 days.

Gladstone Land Stock Performance

NASDAQ LANDO opened at $19.57 on Friday. The business has a 50 day simple moving average of $19.57 and a two-hundred day simple moving average of $19.75. Gladstone Land has a 1-year low of $18.50 and a 1-year high of $22.89.

Gladstone Land Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 21st were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Investors Weigh In On Gladstone Land

An institutional investor recently raised its position in Gladstone Land stock. Brick & Kyle Associates boosted its holdings in shares of Gladstone Land Co. (NASDAQ:LANDO) by 1,006.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,968 shares of the company’s stock after purchasing an additional 50,000 shares during the quarter. Brick & Kyle Associates’ holdings in Gladstone Land were worth $1,119,000 as of its most recent SEC filing.

Gladstone Land Company Profile

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.