Gladstone Land Co. (NASDAQ:LANDO) Sees Large Growth in Short Interest

Gladstone Land Co. (NASDAQ:LANDO) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 8,500 shares, a growth of 97.7% from the August 31st total of 4,300 shares. Based on an average daily volume of 13,300 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 13,300 shares, the days-to-cover ratio is currently 0.6 days.

Gladstone Land Price Performance

Shares of LANDO opened at $19.57 on Friday. The business’s 50 day moving average is $19.57 and its 200 day moving average is $19.75. Gladstone Land has a 12-month low of $18.50 and a 12-month high of $22.89.

Gladstone Land Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 21st were issued a $0.125 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, July 21st.

Hedge Funds Weigh In On Gladstone Land

A hedge fund recently raised its stake in Gladstone Land stock. Brick & Kyle Associates boosted its stake in shares of Gladstone Land Co. (NASDAQ:LANDO) by 1,006.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,968 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Brick & Kyle Associates’ holdings in Gladstone Land were worth $1,119,000 at the end of the most recent quarter.

About Gladstone Land

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion.