Gladstone Land Co. (NASDAQ:LANDO) Short Interest Down 37.8% in January

Gladstone Land Co. (NASDAQ:LANDO) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 5,100 shares, a decline of 37.8% from the January 15th total of 8,200 shares. Based on an average trading volume of 16,400 shares, the short-interest ratio is presently 0.3 days.

Gladstone Land Stock Down 0.8 %

Shares of Gladstone Land stock opened at $20.33 on Thursday. The business has a fifty day simple moving average of $20.79 and a 200 day simple moving average of $21.56. Gladstone Land has a 12 month low of $18.81 and a 12 month high of $22.90.

Gladstone Land Announces Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 7.39%.

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.