UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Gladstone Land Co. (NASDAQ:LAND)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Gladstone Land Co. (NASDAQ:LAND) by 60.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,065 shares of the real estate investment trust’s stock after purchasing an additional 30,215 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Gladstone Land worth $869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 4,946 shares during the last quarter. Northern Trust Corp raised its stake in shares of Gladstone Land by 7.1% in the fourth 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 raised its stake in shares of 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 purchasing an additional 114,600 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 purchasing an additional 26,565 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Gladstone Land in the fourth quarter worth approximately $2,051,000. 53.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gladstone Land

In other Gladstone Land news, Director Anthony W. Parker sold 6,601 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $11.02, for a total transaction of $72,743.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is owned by corporate insiders.

Gladstone Land Stock Performance

LAND stock opened at $10.28 on Wednesday. The firm has a market cap of $371.98 million, a PE ratio of -35.45, a P/E/G ratio of 3.74 and a beta of 1.12. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average of $9.65 and a 200-day moving average of $10.56. Gladstone Land Co. has a 12-month low of $8.66 and a 12-month high of $15.36.

Gladstone Land (NASDAQ:LAND) last announced its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $17.30 million. As a group, sell-side analysts expect that Gladstone Land Co. will post 0.52 earnings per share for the current year.

Gladstone Land Dividend Announcement

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

Wall Street Analyst Weigh In

LAND has been the subject of several recent analyst reports. Wall Street Zen raised Gladstone Land from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Gladstone Land in a report on Tuesday, May 13th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Gladstone Land in a report on Friday, May 23rd.

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.