Gladstone Land Co. (NASDAQ:LAND) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc lowered its holdings in shares of Gladstone Land Co. (NASDAQ:LANDFree Report) by 38.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,977 shares of the real estate investment trust’s stock after selling 5,713 shares during the quarter. AdvisorNet Financial Inc’s holdings in Gladstone Land were worth $130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of Gladstone Land by 2.6% during the third quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 172,665 shares of the real estate investment trust’s stock valued at $2,457,000 after buying an additional 4,416 shares during the period. OneAscent Financial Services LLC purchased a new position in shares of Gladstone Land during the fourth quarter valued at approximately $170,000. Barclays PLC lifted its stake in shares of Gladstone Land by 55.7% during the third quarter. Barclays PLC now owns 38,851 shares of the real estate investment trust’s stock valued at $553,000 after buying an additional 13,896 shares during the period. Graham Capital Management L.P. lifted its stake in shares of Gladstone Land by 18.5% during the third quarter. Graham Capital Management L.P. now owns 17,674 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 2,757 shares during the period. Finally, Kayne Anderson Capital Advisors LP purchased a new position in shares of Gladstone Land during the third quarter valued at approximately $327,000. Institutional investors and hedge funds own 53.60% of the company’s stock.

Gladstone Land Stock Performance

Shares of LAND stock opened at $13.16 on Thursday. Gladstone Land Co. has a one year low of $12.73 and a one year high of $17.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.80 and a current ratio of 1.80. The company has a 50 day moving average price of $13.32 and a 200 day moving average price of $13.91. The firm has a market capitalization of $471.65 million, a price-to-earnings ratio of -48.74, a price-to-earnings-growth ratio of 3.36 and a beta of 1.00.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a dividend of $0.0465 per share. This represents a $0.56 annualized dividend and a yield of 4.24%. The ex-dividend date was Wednesday, March 20th. Gladstone Land’s dividend payout ratio (DPR) is -207.41%.

Wall Street Analysts Forecast Growth

Separately, B. Riley reissued a “neutral” rating on shares of Gladstone Land in a research note on Tuesday, December 12th.

Check Out Our Latest Report on Gladstone Land

Gladstone Land Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LAND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gladstone Land Co. (NASDAQ:LANDFree Report).

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

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