Gladstone Land Co. (NASDAQ:LANDO) Short Interest Up 500.0% in October

Gladstone Land Co. (NASDAQ:LANDO) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,200 shares, a growth of 500.0% from the September 30th total of 200 shares. Based on an average daily trading volume, of 10,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Gladstone Land

An institutional investor recently bought a new position in Gladstone Land stock. Moloney Securities Asset Management LLC purchased a new stake in Gladstone Land Co. (NASDAQ:LANDO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,506 shares of the company’s stock, valued at approximately $211,000.

Gladstone Land Trading Up 0.9 %

Shares of NASDAQ LANDO traded up $0.20 on Friday, reaching $21.86. 6,703 shares of the company traded hands, compared to its average volume of 11,069. The company has a 50 day moving average of $22.13 and a 200 day moving average of $21.13. Gladstone Land has a fifty-two week low of $16.90 and a fifty-two week high of $22.90.

Gladstone Land Dividend Announcement

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

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.