Gladstone Land Co. (NASDAQ:LANDO – Get Rating) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,000 shares, a growth of 25.0% from the February 13th total of 2,400 shares. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is presently 0.2 days.
Gladstone Land Price Performance
Gladstone Land stock opened at $23.10 on Monday. Gladstone Land has a fifty-two week low of $23.01 and a fifty-two week high of $27.95. The firm has a 50 day moving average of $23.87.
Gladstone Land Announces Dividend
The firm also recently declared a dividend, which was paid on Tuesday, January 31st. Shareholders of record on Friday, January 20th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, January 19th. This represents a yield of 6.44%.
Gladstone Land Company Profile
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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