Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 16,533 shares, an increase of 396.3% from the July 15th total of 3,331 shares. Based on an average trading volume of 20,338 shares, the short-interest ratio is currently 0.8 days.
Gladstone Land Stock Down 0.5%
Shares of LANDO stock traded down $0.10 during trading on Wednesday, reaching $21.80. The company had a trading volume of 8,697 shares, compared to its average volume of 15,195. The firm’s 50 day simple moving average is $20.98 and its two-hundred day simple moving average is $20.58. Gladstone Land has a one year low of $18.50 and a one year high of $22.08.
Gladstone Land Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.125 per share. This represents a c) annualized dividend and a 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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