Short Interest in Gladstone Land Co. (NASDAQ:LANDO) Declines By 69.2%

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

Institutional Trading of Gladstone Land

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

Gladstone Land Stock Down 1.1 %

LANDO stock traded down $0.24 during midday trading on Wednesday, hitting $22.23. The stock had a trading volume of 7,269 shares, compared to its average volume of 11,447. Gladstone Land has a 52 week low of $18.66 and a 52 week high of $22.90. The stock has a 50-day simple moving average of $22.11 and a 200 day simple moving average of $21.51.

Gladstone Land Announces Dividend

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

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.