Short Interest in Gladstone Land Co. (NASDAQ:LANDP) Declines By 83.8%

Gladstone Land Co. (NASDAQ:LANDP) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 964 shares, a decrease of 83.8% from the May 14th total of 5,935 shares. Based on an average daily volume of 24,734 shares, the days-to-cover ratio is presently 0.0 days.

Gladstone Land Price Performance

NASDAQ:LANDP traded up $0.05 during mid-day trading on Wednesday, hitting $20.47. 15,345 shares of the company’s stock traded hands, compared to its average volume of 25,073. The firm has a 50 day moving average of $20.37 and a two-hundred day moving average of $19.73. Gladstone Land has a 12 month low of $18.42 and a 12 month high of $21.18.

Gladstone Land Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 7.3%.

Gladstone Land Company Profile

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.