Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Increases By 500.0%

Posted by Lisa Durand on Oct 26th, 2024

Gladstone Land Co. (NASDAQ:LANDO – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 1,200 shares, an increase of 500.0% from the September 30th total of 200 shares. Based on an average daily trading volume, of 10,500 shares, the days-to-cover ratio is currently 0.1 days.

Gladstone Land Stock Up 0.9 %

Shares of NASDAQ:LANDO traded up $0.20 on Friday, hitting $21.86. The company had a trading volume of 6,703 shares, compared to its average volume of 11,069. Gladstone Land has a 52-week low of $16.90 and a 52-week high of $22.90. The business has a 50 day moving average of $22.13 and a 200 day moving average of $21.13.

Gladstone Land Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be given a $0.125 dividend. This represents a dividend yield of 6.9%. The ex-dividend date is Tuesday, October 22nd.

Institutional Trading of Gladstone Land

An institutional investor recently raised its position in Gladstone Land stock. Moloney Securities Asset Management LLC lifted its stake in shares of Gladstone Land Co. (NASDAQ:LANDO – Free Report) by 28.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,480 shares of the company’s stock after buying an additional 2,974 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

About Gladstone Land

(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.