Gladstone Land Co. (NASDAQ:LANDO) Short Interest Update

Gladstone Land Co. (NASDAQ:LANDO) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 400 shares, a decline of 69.2% from the October 31st total of 1,300 shares. Based on an average trading volume of 11,800 shares, the short-interest ratio is presently 0.0 days.

Gladstone Land Stock Performance

Shares of NASDAQ LANDO traded down $0.24 during mid-day trading on Wednesday, reaching $22.23. 7,269 shares of the company traded hands, compared to its average volume of 11,447. The company’s fifty day moving average is $22.11 and its two-hundred day moving average is $21.51. Gladstone Land has a fifty-two week low of $18.66 and a fifty-two week high of $22.90.

Gladstone Land Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd were given a dividend of $0.125 per share. This represents a yield of 6.9%. The ex-dividend date of this dividend was Tuesday, October 22nd.

Hedge Funds Weigh In On Gladstone Land

A hedge fund recently raised its stake in Gladstone Land stock. Moloney Securities Asset Management LLC raised its stake in Gladstone Land Co. (NASDAQ:LANDO) by 28.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,480 shares of the company’s stock after purchasing an additional 2,974 shares during the period. Moloney Securities Asset Management LLC’s holdings in Gladstone Land were worth $284,000 as of its most recent SEC filing.

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 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.