Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,331 shares, a decline of 71.5% from the June 30th total of 11,694 shares. Based on an average daily trading volume, of 11,715 shares, the days-to-cover ratio is presently 0.3 days.
Gladstone Land Price Performance
Shares of NASDAQ LANDO traded up $0.20 during trading on Tuesday, hitting $21.59. The company had a trading volume of 12,702 shares, compared to its average volume of 15,111. Gladstone Land has a 52 week low of $18.50 and a 52 week high of $21.63. The business’s 50-day moving average is $20.73 and its 200 day moving average is $20.40.
Gladstone Land Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.125 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Monday, September 21st.
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.
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