Gladstone Land Co. (NASDAQ:LANDP) Sees Large Decline in Short Interest

Gladstone Land Co. (NASDAQ:LANDP) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,651 shares, a decrease of 82.6% from the February 26th total of 9,480 shares. Based on an average daily volume of 18,464 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 18,464 shares, the days-to-cover ratio is currently 0.1 days.

Gladstone Land Stock Performance

Gladstone Land stock traded up $0.23 during trading hours on Tuesday, reaching $19.83. The stock had a trading volume of 17,042 shares, compared to its average volume of 25,522. The business’s 50 day moving average price is $19.71 and its 200-day moving average price is $19.44. Gladstone Land has a 52 week low of $18.21 and a 52 week high of $20.79.

Gladstone Land Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

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.