Nisa Investment Advisors LLC Sells 1,285 Shares of Gladstone Land Co. (NASDAQ:LAND)

Nisa Investment Advisors LLC reduced its position in shares of Gladstone Land Co. (NASDAQ:LAND) by 9.3% in the fourth quarter, Holdings Channel reports. The firm owned 12,470 shares of the real estate investment trust’s stock after selling 1,285 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Gladstone Land were worth $180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP bought a new stake in shares of Gladstone Land in the first quarter worth approximately $14,825,000. BlackRock Inc. grew its stake in shares of Gladstone Land by 9.8% in the second quarter. BlackRock Inc. now owns 2,569,756 shares of the real estate investment trust’s stock worth $41,810,000 after acquiring an additional 230,021 shares during the period. Vanguard Group Inc. grew its stake in shares of Gladstone Land by 6.3% in the first quarter. Vanguard Group Inc. now owns 3,353,943 shares of the real estate investment trust’s stock worth $122,151,000 after acquiring an additional 198,148 shares during the period. Renaissance Technologies LLC grew its stake in shares of Gladstone Land by 491.0% in the second quarter. Renaissance Technologies LLC now owns 235,200 shares of the real estate investment trust’s stock worth $5,212,000 after acquiring an additional 195,400 shares during the period. Finally, Amundi grew its stake in shares of Gladstone Land by 29.8% in the fourth quarter. Amundi now owns 681,071 shares of the real estate investment trust’s stock worth $12,603,000 after acquiring an additional 156,259 shares during the period. 53.60% of the stock is currently owned by institutional investors.

Gladstone Land Stock Performance

Shares of LAND stock opened at $12.69 on Friday. The company has a 50 day moving average price of $13.07 and a 200-day moving average price of $13.78. Gladstone Land Co. has a 52 week low of $12.31 and a 52 week high of $17.48. The firm has a market capitalization of $454.78 million, a PE ratio of -47.00, a P/E/G ratio of 3.18 and a beta of 1.00. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.80.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be paid a $0.0466 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.41%. Gladstone Land’s dividend payout ratio is presently -203.70%.

About Gladstone Land

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.