Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Declines By 50.0%

Gladstone Land Co. (NASDAQ:LANDO) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 400 shares, a drop of 50.0% from the May 15th total of 800 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Gladstone Land

A hedge fund recently raised its stake in Gladstone Land stock. Brick & Kyle Associates boosted its stake in Gladstone Land Co. (NASDAQ:LANDO) by 1,006.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,968 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. Brick & Kyle Associates’ holdings in Gladstone Land were worth $1,119,000 at the end of the most recent reporting period.

Gladstone Land Price Performance

Shares of LANDO stock opened at $19.49 on Tuesday. The company’s fifty day simple moving average is $20.01 and its 200-day simple moving average is $20.38. Gladstone Land has a 52 week low of $18.50 and a 52 week high of $22.90.

Gladstone Land Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.125 per share. This represents a dividend yield of 7.36%. The ex-dividend date was Wednesday, May 21st.

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.