Swiss National Bank Has $672,000 Stock Holdings in Gladstone Land Co. (NASDAQ:LAND)

Swiss National Bank trimmed its position in Gladstone Land Co. (NASDAQ:LAND) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,896 shares of the real estate investment trust’s stock after selling 5,204 shares during the quarter. Swiss National Bank owned about 0.17% of Gladstone Land worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LAND. Larson Financial Group LLC raised its holdings in Gladstone Land by 224.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 1,334 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Gladstone Land in the fourth quarter valued at about $27,000. AlphaQuest LLC increased its stake in shares of Gladstone Land by 63.2% in the fourth quarter. AlphaQuest LLC now owns 5,841 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 2,261 shares during the period. Entropy Technologies LP acquired a new position in shares of Gladstone Land during the 4th quarter worth about $118,000. Finally, Catalyst Capital Advisors LLC boosted its stake in Gladstone Land by 9.5% during the 4th quarter. Catalyst Capital Advisors LLC now owns 13,685 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 1,192 shares during the period. 53.60% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Land Stock Performance

NASDAQ LAND opened at $10.64 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.99 and a quick ratio of 0.70. The company’s fifty day moving average is $11.04 and its two-hundred day moving average is $11.92. Gladstone Land Co. has a 52-week low of $10.27 and a 52-week high of $15.36. The firm has a market capitalization of $385.01 million, a price-to-earnings ratio of -36.69, a P/E/G ratio of 3.74 and a beta of 1.11.

Gladstone Land (NASDAQ:LAND) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.19. Gladstone Land had a return on equity of 1.89% and a net margin of 15.59%. The firm had revenue of $21.10 million for the quarter, compared to analyst estimates of $20.45 million. Equities research analysts forecast that Gladstone Land Co. will post 0.52 EPS for the current year.

Gladstone Land Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a $0.0467 dividend. This is a boost from Gladstone Land’s previous dividend of $0.04. This represents a yield of 5.33%. The ex-dividend date was Friday, January 24th. Gladstone Land’s dividend payout ratio (DPR) is -193.10%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Gladstone Land from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th.

Insider Buying and Selling

In related news, Director Anthony W. Parker sold 6,601 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $11.02, for a total value of $72,743.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.20% of the stock is owned by company insiders.

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.