Gladstone Land Co. (NASDAQ:LANDM) Short Interest Up 43.4% in December

Gladstone Land Co. (NASDAQ:LANDM) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,195 shares, an increase of 43.4% from the December 15th total of 1,531 shares. Based on an average trading volume of 4,669 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 4,669 shares, the days-to-cover ratio is currently 0.5 days.

Gladstone Land Price Performance

Gladstone Land stock traded up $0.01 during midday trading on Friday, hitting $25.04. The company’s stock had a trading volume of 4,200 shares, compared to its average volume of 12,200. Gladstone Land has a 1-year low of $24.35 and a 1-year high of $25.05. The company has a 50-day moving average price of $24.93 and a two-hundred day moving average price of $24.88.

Gladstone Land Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Wednesday, March 25th will be given a $0.1042 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Wednesday, March 25th.

About Gladstone Land

Gladstone Land Corporation (NASDAQ:LANDM) is a real estate investment trust specializing in the acquisition and management of farmland across the United States. Established in 2013 and headquartered in McLean, Virginia, the company focuses on generating stable income through long-term rental agreements with accredited agricultural operators. As one of the few publicly traded farmland REITs, Gladstone Land seeks to provide investors with exposure to a diversified portfolio of land assets tied to the essential agricultural sector.

The company’s primary business activity involves purchasing high-quality farmland and leasing it back under triple-net arrangements, whereby tenants assume responsibility for property taxes, insurance and maintenance.