Short Interest in Gladstone Land Co. (NASDAQ:LANDM) Declines By 20.9%

Gladstone Land Co. (NASDAQ:LANDM) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,736 shares, a drop of 20.9% from the December 31st total of 2,195 shares. Based on an average daily trading volume, of 12,648 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 12,648 shares, the short-interest ratio is presently 0.1 days.

Gladstone Land Stock Performance

Shares of LANDM stock traded up $0.01 on Friday, hitting $25.08. 3,925 shares of the stock traded hands, compared to its average volume of 15,322. The company’s fifty day moving average is $24.96 and its 200 day moving average is $24.90. Gladstone Land has a 1-year low of $24.35 and a 1-year high of $25.08.

Gladstone Land Dividend Announcement

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