Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Expands By 380.0%

Gladstone Land Co. (NASDAQ:LANDOGet Free Report) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 7,200 shares, a growth of 380.0% from the November 30th total of 1,500 shares. Based on an average daily volume of 21,100 shares, the short-interest ratio is currently 0.3 days.

Gladstone Land Trading Up 0.5 %

Shares of NASDAQ:LANDO traded up $0.09 during mid-day trading on Thursday, reaching $19.25. 12,236 shares of the company traded hands, compared to its average volume of 18,673. The company’s 50 day moving average price is $18.59 and its 200-day moving average price is $19.29. Gladstone Land has a 52 week low of $16.85 and a 52 week high of $25.24.

Gladstone Land Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 20th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a dividend yield of 8.35%.

Institutional Trading of Gladstone Land

An institutional investor recently bought a new position in Gladstone Land stock. Moloney Securities Asset Management LLC bought a new position in Gladstone Land Co. (NASDAQ:LANDOFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,320 shares of the company’s stock, valued at approximately $214,000.

Gladstone Land Company Profile

(Get Free Report)

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.

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