Gladstone Land Co. (NASDAQ:LANDP) Short Interest Update

Gladstone Land Co. (NASDAQ:LANDP) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 300 shares, a drop of 93.9% from the February 29th total of 4,900 shares. Based on an average daily volume of 20,700 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Gladstone Land

An institutional investor recently bought a new position in Gladstone Land stock. Kingswood Wealth Advisors LLC bought a new stake in Gladstone Land Co. (NASDAQ:LANDP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,333 shares of the company’s stock, valued at approximately $386,000.

Gladstone Land Stock Performance

Shares of Gladstone Land stock traded up $0.10 during trading on Wednesday, reaching $19.90. The company’s stock had a trading volume of 24,605 shares, compared to its average volume of 18,863. The stock has a 50-day moving average price of $19.74 and a two-hundred day moving average price of $18.81. Gladstone Land has a one year low of $15.90 and a one year high of $21.50.

Gladstone Land Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 21st will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $1.50 dividend on an annualized basis and a yield of 7.54%.

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.