5,700 Shares in Gladstone Land Co. (NASDAQ:LAND) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Gladstone Land Co. (NASDAQ:LAND) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,700 shares of the real estate investment trust’s stock, valued at approximately $62,000.

Other institutional investors also recently added to or reduced their stakes in the company. Southern Style Financial Inc. purchased a new position in shares of Gladstone Land in the 4th quarter valued at about $1,893,000. Accordant Advisory Group Inc boosted its position in Gladstone Land by 66.3% during the fourth quarter. Accordant Advisory Group Inc now owns 179,355 shares of the real estate investment trust’s stock worth $1,946,000 after purchasing an additional 71,507 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Gladstone Land by 62.2% in the third quarter. JPMorgan Chase & Co. now owns 139,298 shares of the real estate investment trust’s stock valued at $1,936,000 after buying an additional 53,400 shares in the last quarter. Barclays PLC raised its stake in shares of Gladstone Land by 90.2% during the 3rd quarter. Barclays PLC now owns 85,297 shares of the real estate investment trust’s stock worth $1,186,000 after buying an additional 40,459 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Gladstone Land by 15.2% in the 4th quarter. Bank of New York Mellon Corp now owns 201,093 shares of the real estate investment trust’s stock worth $2,182,000 after buying an additional 26,565 shares in the last quarter. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Gladstone Land news, Director Anthony W. Parker sold 6,601 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $11.02, for a total transaction of $72,743.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.20% of the company’s stock.

Gladstone Land Stock Up 0.7 %

LAND stock opened at $9.18 on Friday. Gladstone Land Co. has a one year low of $8.66 and a one year high of $15.36. The stock has a market capitalization of $332.18 million, a P/E ratio of -31.65, a PEG ratio of 3.74 and a beta of 1.15. The company has a 50 day moving average price of $10.78 and a two-hundred day moving average price of $11.56. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.99.

Gladstone Land (NASDAQ:LAND) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.19. Gladstone Land had a return on equity of 1.89% and a net margin of 15.59%. The business had revenue of $21.10 million during the quarter, compared to the consensus estimate of $20.45 million. As a group, sell-side analysts expect that Gladstone Land Co. will post 0.52 EPS for the current year.

Gladstone Land Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 21st will be issued a dividend of $0.0467 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $0.56 annualized dividend and a dividend yield of 6.10%. Gladstone Land’s payout ratio is currently -193.10%.

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.