Short Interest in Gladstone Land Co. (NASDAQ:LANDP) Declines By 83.8%

Gladstone Land Co. (NASDAQ:LANDP) 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 daily volume of 24,734 shares, the short-interest ratio is presently 0.0 days.

Gladstone Land Stock Performance

Shares of NASDAQ LANDP traded up $0.05 during mid-day trading on Wednesday, reaching $20.47. 15,345 shares of the company traded hands, compared to its average volume of 25,073. The company’s fifty day moving average is $20.37 and its two-hundred day moving average is $19.73. Gladstone Land has a fifty-two week low of $18.42 and a fifty-two week high of $21.18.

Gladstone Land Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

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.