Gladstone Land Co. (NASDAQ:LANDO) Sees Large Growth in Short Interest
by Renee Jackson · The Cerbat GemGladstone Land Co. (NASDAQ:LANDO – Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 41,577 shares, a growth of 196.2% from the March 31st total of 14,037 shares. Based on an average daily volume of 13,952 shares, the days-to-cover ratio is presently 3.0 days.
Gladstone Land Stock Performance
NASDAQ LANDO traded up $0.06 during trading hours on Friday, reaching $21.05. The company’s stock had a trading volume of 21,934 shares, compared to its average volume of 15,535. Gladstone Land has a 1-year low of $18.50 and a 1-year high of $21.27. The company’s 50-day moving average is $20.24 and its two-hundred day moving average is $19.69.
Gladstone Land Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 7.1%.
About Gladstone Land
Gladstone Land (NASDAQ:LAND) is a real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland across the United States. The company purchases agricultural properties and leases them to farmers under long-term, triple-net lease agreements. By focusing exclusively on high-quality farmland, Gladstone Land aims to provide investors with steady income and potential for long-term capital appreciation, while supporting the operational needs of farming businesses.
The company’s portfolio includes a diversified mix of row crop and permanent crop farmland, spanning key agricultural regions in states such as California, Washington, Florida, Pennsylvania and North Carolina.