Charles Schwab Investment Management Inc. Boosts Position in Gladstone Land Co. (NASDAQ:LAND)

Charles Schwab Investment Management Inc. raised its holdings in shares of Gladstone Land Co. (NASDAQ:LAND) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,363 shares of the real estate investment trust’s stock after buying an additional 2,144 shares during the period. Charles Schwab Investment Management Inc. owned about 0.27% of Gladstone Land worth $1,339,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LAND. Pullen Investment Management LLC lifted its holdings in shares of Gladstone Land by 1.7% during the 2nd quarter. Pullen Investment Management LLC now owns 47,106 shares of the real estate investment trust’s stock valued at $645,000 after acquiring an additional 803 shares in the last quarter. Signaturefd LLC grew its stake in shares of Gladstone Land by 3,910.3% in the second quarter. Signaturefd LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 3,050 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Gladstone Land by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 62,105 shares of the real estate investment trust’s stock valued at $850,000 after buying an additional 3,006 shares during the period. Trueblood Wealth Management LLC acquired a new position in Gladstone Land during the 2nd quarter worth approximately $192,000. Finally, Moors & Cabot Inc. boosted its holdings in Gladstone Land by 6.3% in the 2nd quarter. Moors & Cabot Inc. now owns 97,650 shares of the real estate investment trust’s stock worth $1,337,000 after acquiring an additional 5,750 shares during the period. 53.60% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Land Stock Up 1.2 %

Shares of NASDAQ LAND opened at $11.25 on Wednesday. The firm has a market cap of $407.08 million, a price-to-earnings ratio of -43.27, a PEG ratio of 3.91 and a beta of 1.04. Gladstone Land Co. has a 1 year low of $11.02 and a 1 year high of $15.36. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.70. The stock’s 50-day simple moving average is $12.53 and its 200-day simple moving average is $13.42.

Gladstone Land Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Land’s dividend payout ratio (DPR) is currently -215.38%.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners lowered shares of Gladstone Land from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.00 to $14.50 in a research note on Friday, November 8th.

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.