Gladstone Land Co. (NASDAQ:LANDO – Get Rating) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 5,300 shares, a growth of 5,200.0% from the April 30th total of 100 shares. Based on an average daily trading volume, of 14,800 shares, the short-interest ratio is presently 0.4 days.
Gladstone Land Price Performance
Shares of NASDAQ:LANDO opened at $21.15 on Friday. Gladstone Land has a 52 week low of $20.65 and a 52 week high of $27.95. The firm has a 50-day moving average price of $22.96.
Gladstone Land Dividend Announcement
The firm also recently announced a dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, April 21st were issued a $0.125 dividend. This represents a yield of 6.22%. The ex-dividend date was Thursday, April 20th.
About Gladstone Land
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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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion.
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