Squarepoint Ops LLC Takes $157,000 Position in Gladstone Land Co. (NASDAQ:LAND)

Squarepoint Ops LLC bought a new stake in shares of Gladstone Land Co. (NASDAQ:LAND) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,511 shares of the real estate investment trust’s stock, valued at approximately $157,000.

Several other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Gladstone Land by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 905,578 shares of the real estate investment trust’s stock worth $9,828,000 after acquiring an additional 4,946 shares in the last quarter. Northern Trust Corp grew its stake in shares of Gladstone Land by 7.1% in the 4th quarter. Northern Trust Corp now owns 458,975 shares of the real estate investment trust’s stock worth $4,980,000 after purchasing an additional 30,322 shares during the last quarter. Renaissance Technologies LLC grew its position in Gladstone Land by 87.5% in the fourth quarter. Renaissance Technologies LLC now owns 245,600 shares of the real estate investment trust’s stock worth $2,665,000 after buying an additional 114,600 shares during the last quarter. Bank of New York Mellon Corp grew its position in Gladstone Land by 15.2% in the fourth 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 during the last quarter. Finally, Millennium Management LLC acquired a new position in Gladstone Land in the fourth quarter worth approximately $2,051,000. Institutional investors and hedge funds own 53.60% of the company’s stock.

Gladstone Land Trading Up 1.5%

NASDAQ LAND opened at $9.79 on Monday. Gladstone Land Co. has a twelve month low of $8.66 and a twelve month 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 stock has a market cap of $354.25 million, a price-to-earnings ratio of -33.76, a PEG ratio of 3.74 and a beta of 1.12. The firm’s 50 day moving average price is $9.66 and its two-hundred day moving average price is $10.57.

Gladstone Land (NASDAQ:LAND) last issued its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. Gladstone Land had a return on equity of 1.89% and a net margin of 15.59%. The business had revenue of $16.80 million for the quarter, compared to the consensus estimate of $17.30 million. Equities analysts anticipate that Gladstone Land Co. will post 0.52 EPS for the current year.

Gladstone Land Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.0467 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a yield of 5.92%. Gladstone Land’s dividend payout ratio (DPR) is presently -224.00%.

Insider Buying and Selling at Gladstone Land

In other 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 transaction of $72,743.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on LAND. Wall Street Zen upgraded shares of Gladstone Land from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Alliance Global Partners restated a “neutral” rating on shares of Gladstone Land in a report on Tuesday, May 13th. Finally, Oppenheimer reissued an “outperform” rating on shares of Gladstone Land in a research note on Friday, May 23rd.

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.