Gladstone Land Co. (NASDAQ:LAND) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its position in Gladstone Land Co. (NASDAQ:LAND) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,715 shares of the real estate investment trust’s stock after purchasing an additional 1,898 shares during the period. Raymond James & Associates owned about 0.14% of Gladstone Land worth $825,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Gladstone Land during the 1st quarter valued at approximately $14,825,000. Vanguard Group Inc. lifted its position in shares of Gladstone Land by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 3,353,943 shares of the real estate investment trust’s stock valued at $122,151,000 after acquiring an additional 198,148 shares during the period. Renaissance Technologies LLC lifted its position in shares of Gladstone Land by 491.0% during the 2nd quarter. Renaissance Technologies LLC now owns 235,200 shares of the real estate investment trust’s stock valued at $5,212,000 after acquiring an additional 195,400 shares during the period. PFG Investments LLC acquired a new stake in shares of Gladstone Land during the 1st quarter valued at approximately $2,813,000. Finally, Amundi lifted its position in shares of Gladstone Land by 29.8% during the 4th quarter. Amundi now owns 681,071 shares of the real estate investment trust’s stock valued at $12,603,000 after acquiring an additional 156,259 shares during the period. Institutional investors and hedge funds own 45.43% of the company’s stock.

Gladstone Land Trading Up 4.4 %

Shares of Gladstone Land stock opened at $14.96 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.42 and a quick ratio of 3.42. Gladstone Land Co. has a 1 year low of $13.35 and a 1 year high of $22.13. The company has a market capitalization of $536.17 million, a P/E ratio of -48.26, a P/E/G ratio of 3.59 and a beta of 1.06. The business has a 50 day moving average price of $14.55 and a 200 day moving average price of $15.64.

Gladstone Land Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a dividend of $0.0464 per share. The ex-dividend date is Friday, December 15th. This represents a $0.56 annualized dividend and a dividend yield of 3.72%. Gladstone Land’s dividend payout ratio is currently -180.64%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Gladstone Land in a research report on Thursday, October 5th. They set a “hold” rating for the company.

Gladstone Land 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.