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
About Gladstone Land
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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