Invesco Ltd. Boosts Stock Position in Gladstone Land Co. (NASDAQ:LAND)

Invesco Ltd. raised its position in shares of Gladstone Land Co. (NASDAQ:LAND) by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,866 shares of the real estate investment trust’s stock after purchasing an additional 1,094 shares during the quarter. Invesco Ltd. owned 0.17% of Gladstone Land worth $650,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC purchased a new stake in Gladstone Land during the 4th quarter valued at $27,000. KLP Kapitalforvaltning AS purchased a new position in Gladstone Land in the 4th quarter worth about $62,000. AlphaQuest LLC grew 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 acquiring an additional 2,261 shares during the period. Entropy Technologies LP bought a new position in Gladstone Land during the fourth quarter valued at approximately $118,000. Finally, Fiduciary Group LLC bought a new stake in Gladstone Land in the 4th quarter worth approximately $123,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.

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 on Thursday, March 13th. The shares were sold at an average price of $11.02, for a total value of $72,743.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.20% of the stock is owned by company insiders.

Gladstone Land Trading Up 0.3 %

Shares of Gladstone Land stock opened at $9.88 on Friday. Gladstone Land Co. has a fifty-two week low of $8.66 and a fifty-two week 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 0.99. The company has a market capitalization of $357.51 million, a P/E ratio of -34.07, a P/E/G ratio of 3.74 and a beta of 1.15. The company has a fifty day moving average of $10.32 and a 200 day moving average of $11.16.

Gladstone Land (NASDAQ:LAND) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share for the quarter, topping 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 firm had revenue of $21.10 million during the quarter, compared to analyst estimates of $20.45 million. On average, sell-side analysts anticipate that Gladstone Land Co. will post 0.52 earnings per share for the current fiscal year.

Gladstone Land Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd were issued a $0.0467 dividend. This represents a dividend yield of 5.75%. The ex-dividend date of this dividend was Monday, April 21st. Gladstone Land’s dividend payout ratio (DPR) is presently -193.10%.

Analysts Set New Price Targets

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

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.