Gladstone Land Corporation $LAND Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers increased its position in shares of Gladstone Land Corporation (NASDAQ:LAND) by 43.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,941 shares of the real estate investment trust’s stock after buying an additional 10,312 shares during the quarter. Cetera Investment Advisers owned about 0.09% of Gladstone Land worth $357,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC grew its holdings 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 valued at $9,828,000 after purchasing an additional 4,946 shares in the last quarter. Northern Trust Corp increased its position in shares of Gladstone Land by 7.1% during the fourth quarter. Northern Trust Corp now owns 458,975 shares of the real estate investment trust’s stock worth $4,980,000 after acquiring an additional 30,322 shares during the period. Accordant Advisory Group Inc increased its position in shares of Gladstone Land by 38.7% during the first quarter. Accordant Advisory Group Inc now owns 248,683 shares of the real estate investment trust’s stock worth $2,616,000 after acquiring an additional 69,328 shares during the period. 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 valued at $2,665,000 after acquiring an additional 114,600 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Gladstone Land in the fourth quarter valued at $2,051,000. 53.60% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Land Price Performance

Gladstone Land stock opened at $8.84 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $319.92 million, a price-to-earnings ratio of -20.09, a PEG ratio of 4.23 and a beta of 1.11. Gladstone Land Corporation has a 1 year low of $8.47 and a 1 year high of $14.88. The firm has a 50 day moving average price of $9.93 and a 200 day moving average price of $10.18.

Gladstone Land Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd were given a dividend of $0.0467 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a yield of 544.0%. Gladstone Land’s payout ratio is -127.27%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LAND shares. Zacks Research raised shares of Gladstone Land to a “strong sell” rating in a report on Friday, August 8th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Gladstone Land in a report on Tuesday, May 13th. Oppenheimer restated an “outperform” rating on shares of Gladstone Land in a research note on Friday, May 23rd. Finally, Wall Street Zen raised Gladstone Land from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th.

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.