Gladstone Land Co. (NASDAQ:LANDO) Short Interest Update

by · The Markets Daily

Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 600 shares, a decline of 45.5% from the November 30th total of 1,100 shares. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is presently 0.0 days.

Gladstone Land Stock Up 0.9 %

LANDO opened at $21.12 on Friday. Gladstone Land has a 12-month low of $18.80 and a 12-month high of $22.90. The firm’s fifty day moving average price is $21.73 and its 200 day moving average price is $21.73.

Gladstone Land Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, October 22nd. This represents a dividend yield of 6.9%.

Hedge Funds Weigh In On Gladstone Land

A hedge fund recently raised its stake in Gladstone Land stock. Moloney Securities Asset Management LLC boosted its holdings in Gladstone Land Co. (NASDAQ:LANDO – Free Report) by 28.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,480 shares of the company’s stock after purchasing an additional 2,974 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $284,000 at the end of the most recent quarter.

Gladstone Land Company Profile

(Get Free Report)

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.

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