Short Interest in Gladstone Land Co. (NASDAQ:LANDP) Declines By 51.6%

Gladstone Land Co. (NASDAQ:LANDP) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 799 shares, a decrease of 51.6% from the March 15th total of 1,651 shares. Based on an average daily volume of 20,858 shares, the days-to-cover ratio is currently 0.0 days.

Gladstone Land Trading Up 0.8%

Shares of Gladstone Land stock opened at $19.98 on Friday. The business’s 50-day moving average price is $19.81 and its 200-day moving average price is $19.45. Gladstone Land has a 12 month low of $18.42 and a 12 month high of $20.79.

Gladstone Land Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were given a dividend of $0.125 per share. The ex-dividend date was Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 7.5%.

About Gladstone Land

Gladstone Land Corporation (NASDAQ: LANDP) is a real estate investment trust focused on the acquisition and long-term leasing of farmland across the United States. The company pursues an attractively diversified portfolio strategy that emphasizes the purchase of high-quality, irrigated farmland, which it then leases on a triple-net basis to experienced agricultural operators. Through its structure and leasing arrangements, Gladstone Land seeks to provide stable and predictable cash flows while offering agricultural producers access to capital for working operations and property improvements.

Since its founding in 2013, Gladstone Land has expanded its footprint to encompass a broad mix of crop types and geographic regions.