Gladstone Land Co. (NASDAQ:LANDO – Get 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
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.
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