Gladstone Land Corporation $LAND Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its position in shares of Gladstone Land Corporation (NASDAQ:LAND) by 35.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,159 shares of the real estate investment trust’s stock after selling 1,765 shares during the quarter. Signaturefd LLC’s holdings in Gladstone Land were worth $32,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LAND. Parallel Advisors LLC raised its holdings in shares of Gladstone Land by 1,146.9% during the second quarter. Parallel Advisors LLC now owns 3,454 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 3,177 shares during the last quarter. Strs Ohio acquired a new position in shares of Gladstone Land during the first quarter valued at approximately $63,000. Trifecta Capital Advisors LLC acquired a new position in shares of Gladstone Land during the first quarter valued at approximately $69,000. GAMMA Investing LLC raised its holdings in shares of Gladstone Land by 1,565.5% during the first quarter. GAMMA Investing LLC now owns 8,311 shares of the real estate investment trust’s stock valued at $87,000 after acquiring an additional 7,812 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Gladstone Land during the first quarter valued at approximately $106,000. Institutional investors and hedge funds own 53.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LAND. Zacks Research upgraded Gladstone Land to a “strong sell” rating in a research report on Friday, August 8th. Weiss Ratings restated a “sell (d)” rating on shares of Gladstone Land in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Gladstone Land has an average rating of “Reduce” and an average price target of $14.50.

Gladstone Land Trading Down 0.2%

Shares of Gladstone Land stock opened at $9.12 on Wednesday. The firm has a market capitalization of $330.05 million, a price-to-earnings ratio of -20.73, a PEG ratio of 6.77 and a beta of 1.15. Gladstone Land Corporation has a fifty-two week low of $8.47 and a fifty-two week high of $13.85. 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 stock has a 50 day moving average of $9.07 and a 200 day moving average of $9.66.

Gladstone Land Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 21st were given a dividend of $0.0467 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Monday, July 21st. Gladstone Land’s dividend payout ratio (DPR) is currently -127.27%.

About Gladstone Land

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.