Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Expands By 500.0%

by · The Cerbat Gem

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 short-interest ratio is currently 0.1 days.

Institutional Trading of Gladstone Land

An institutional investor recently raised its position in Gladstone Land stock. Moloney Securities Asset Management LLC increased its holdings in Gladstone Land Co. (NASDAQ:LANDO – Free Report) by 28.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,480 shares of the company’s stock after buying 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 Price Performance

LANDO traded up $0.20 during trading on Friday, hitting $21.86. 6,703 shares of the company traded hands, compared to its average volume of 11,069. Gladstone Land has a one year low of $16.90 and a one year high of $22.90. The stock’s fifty day moving average is $22.14 and its 200 day moving average is $21.12.

Gladstone Land Announces Dividend

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

About Gladstone Land

(Get Free Report)

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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