Short Interest in Gladstone Land Co. (NASDAQ:LANDM) Declines By 12.5%

Gladstone Land Co. (NASDAQ:LANDM) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 4,900 shares, a decline of 12.5% from the July 15th total of 5,600 shares. Based on an average daily volume of 2,800 shares, the short-interest ratio is currently 1.8 days.

Gladstone Land Stock Performance

LANDM traded up $0.17 during midday trading on Friday, reaching $24.56. 6,448 shares of the company were exchanged, compared to its average volume of 3,153. Gladstone Land has a one year low of $23.32 and a one year high of $24.80. The company’s fifty day moving average price is $24.31 and its 200 day moving average price is $24.16.

Gladstone Land Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a dividend of $0.1042 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.25 annualized dividend and a yield of 5.09%.

Gladstone Land Company Profile

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.