J.W. Cole Advisors Inc. Purchases Shares of 10,222 Gladstone Land Co. (NASDAQ:LAND)

J.W. Cole Advisors Inc. purchased a new stake in Gladstone Land Co. (NASDAQ:LANDGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,222 shares of the real estate investment trust’s stock, valued at approximately $372,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bristlecone Advisors LLC lifted its stake in Gladstone Land by 1.6% in the first quarter. Bristlecone Advisors LLC now owns 25,097 shares of the real estate investment trust’s stock valued at $914,000 after buying an additional 404 shares during the period. Integrated Advisors Network LLC increased its holdings in shares of Gladstone Land by 0.5% during the first quarter. Integrated Advisors Network LLC now owns 99,363 shares of the real estate investment trust’s stock valued at $3,619,000 after acquiring an additional 450 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Gladstone Land by 1.1% during the first quarter. Federated Hermes Inc. now owns 53,238 shares of the real estate investment trust’s stock valued at $1,939,000 after acquiring an additional 566 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Gladstone Land by 80.5% during the first quarter. Great West Life Assurance Co. Can now owns 1,565 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 698 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Gladstone Land by 9.7% during the first quarter. Arizona State Retirement System now owns 8,785 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 775 shares in the last quarter. 46.21% of the stock is owned by institutional investors and hedge funds.

Gladstone Land Trading Down 1.1 %

NASDAQ LAND opened at $20.76 on Tuesday. The company has a market cap of $710.20 million, a price-to-earnings ratio of -74.14, a P/E/G ratio of 4.93 and a beta of 0.84. Gladstone Land Co. has a 52 week low of $20.43 and a 52 week high of $42.10. The business has a 50 day moving average price of $24.30 and a 200-day moving average price of $28.49. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.02.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 22nd will be issued a dividend of $0.0456 per share. The ex-dividend date is Wednesday, September 21st. This represents a $0.55 annualized dividend and a yield of 2.64%. Gladstone Land’s dividend payout ratio (DPR) is currently -196.42%.

Gladstone Land Profile

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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 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion.

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Institutional Ownership by Quarter for Gladstone Land (NASDAQ:LAND)

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