Gladstone Land Co. (NASDAQ:LAND) Holdings Raised by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its stake in Gladstone Land Co. (NASDAQ:LAND) by 19.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 82,479 shares of the real estate investment trust’s stock after acquiring an additional 13,159 shares during the quarter. GSA Capital Partners LLP’s holdings in Gladstone Land were worth $1,146,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Versor Investments LP acquired a new stake in shares of Gladstone Land in the 3rd quarter worth approximately $272,000. Harbor Capital Advisors Inc. acquired a new stake in Gladstone Land in the third quarter worth approximately $50,000. Janney Montgomery Scott LLC boosted its stake in Gladstone Land by 3.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 251,838 shares of the real estate investment trust’s stock valued at $3,501,000 after purchasing an additional 9,143 shares in the last quarter. Pullen Investment Management LLC increased its position in shares of Gladstone Land by 13.2% during the 3rd quarter. Pullen Investment Management LLC now owns 53,333 shares of the real estate investment trust’s stock valued at $741,000 after purchasing an additional 6,227 shares during the period. Finally, Bristlecone Advisors LLC raised its stake in shares of Gladstone Land by 40.5% in the 3rd quarter. Bristlecone Advisors LLC now owns 33,747 shares of the real estate investment trust’s stock worth $469,000 after buying an additional 9,735 shares in the last quarter. Institutional investors and hedge funds own 53.60% of the company’s stock.

Gladstone Land Price Performance

Shares of NASDAQ:LAND opened at $11.97 on Friday. The stock 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 business has a 50-day moving average of $13.61 and a two-hundred day moving average of $13.66. Gladstone Land Co. has a fifty-two week low of $11.93 and a fifty-two week high of $15.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.70 and a quick ratio of 0.70.

Gladstone Land Dividend Announcement

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

Analysts Set New Price Targets

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