Gladstone Land Co. (NASDAQ:LANDP – Get Free Report) saw a large decrease in short interest during 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 trading volume of 24,734 shares, the short-interest ratio is presently 0.0 days.
Gladstone Land Stock Performance
Shares of LANDP traded up $0.03 during trading hours on Friday, hitting $20.48. 7,216 shares of the company were exchanged, compared to its average volume of 24,812. The firm has a fifty day simple moving average of $20.39 and a 200-day simple moving average of $19.75. Gladstone Land has a one year low of $18.42 and a one year high of $21.18.
Gladstone Land Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.125 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Tuesday, June 23rd.
About Gladstone Land
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.
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