Gladstone Land Co. (NASDAQ:LAND) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in Gladstone Land Co. (NASDAQ:LAND) by 19.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,479 shares of the real estate investment trust’s stock after purchasing an additional 13,159 shares during the quarter. GSA Capital Partners LLP owned approximately 0.23% of Gladstone Land worth $1,146,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Signaturefd LLC raised its stake in Gladstone Land by 3,910.3% during the second quarter. Signaturefd LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 3,050 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Gladstone Land during the 3rd quarter valued at approximately $50,000. M&G Plc acquired a new stake in shares of Gladstone Land during the 1st quarter valued at approximately $138,000. LRI Investments LLC bought a new position in Gladstone Land during the first quarter worth $149,000. Finally, SG Americas Securities LLC boosted its holdings in Gladstone Land by 41.0% in the third quarter. SG Americas Securities LLC now owns 12,280 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 3,572 shares during the period. Institutional investors own 53.60% of the company’s stock.

Gladstone Land Stock Down 1.9 %

Gladstone Land stock opened at $11.97 on Friday. The firm has a market capitalization of $433.19 million, a P/E ratio of -46.04, a P/E/G ratio of 4.07 and a beta of 1.08. The company has a 50-day simple moving average of $13.61 and a 200-day simple moving average of $13.66. Gladstone Land Co. has a one year low of $11.93 and a one year high of $15.36. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.70.

Gladstone Land Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.0467 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.56 annualized dividend and a dividend yield of 4.68%. Gladstone Land’s payout ratio is currently -215.38%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LAND. Maxim Group downgraded shares of Gladstone Land from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Alliance Global Partners cut shares of Gladstone Land from a “buy” rating to a “neutral” rating and cut their target price for the stock from $16.00 to $14.50 in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.50.

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.