Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Declines By 64.7%

Gladstone Land Co. (NASDAQ:LANDO) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 1,800 shares, a drop of 64.7% from the January 31st total of 5,100 shares. Based on an average daily volume of 16,000 shares, the short-interest ratio is presently 0.1 days.

Gladstone Land Stock Up 0.0 %

LANDO traded up $0.01 during trading on Friday, hitting $20.59. The company’s stock had a trading volume of 10,903 shares, compared to its average volume of 16,167. Gladstone Land has a twelve month low of $18.81 and a twelve month high of $22.90. The business’s fifty day simple moving average is $20.52 and its 200 day simple moving average is $21.47.

Gladstone Land Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were issued a $0.125 dividend. This represents a yield of 7.39%. The ex-dividend date of this dividend was Friday, January 24th.

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.