AlphaQuest LLC Acquires 52,793 Shares of Gladstone Land Corporation $LAND

AlphaQuest LLC lifted its holdings in Gladstone Land Corporation (NASDAQ:LAND) by 648.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 60,931 shares of the real estate investment trust’s stock after acquiring an additional 52,793 shares during the quarter. AlphaQuest LLC owned 0.17% of Gladstone Land worth $558,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LAND. AQR Capital Management LLC raised its position in Gladstone Land by 12.1% in the 1st quarter. AQR Capital Management LLC now owns 35,991 shares of the real estate investment trust’s stock worth $379,000 after purchasing an additional 3,889 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Gladstone Land by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 407,183 shares of the real estate investment trust’s stock worth $4,284,000 after buying an additional 22,557 shares during the period. Jane Street Group LLC increased its holdings in shares of Gladstone Land by 141.1% in the first quarter. Jane Street Group LLC now owns 108,843 shares of the real estate investment trust’s stock worth $1,145,000 after buying an additional 63,702 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Gladstone Land in the 1st quarter valued at about $273,000. Finally, Strs Ohio purchased a new stake in Gladstone Land during the 1st quarter valued at about $63,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Gladstone Land Stock Up 0.6%

Shares of Gladstone Land stock opened at $11.07 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.73. Gladstone Land Corporation has a 12-month low of $8.47 and a 12-month high of $11.93. The company has a market cap of $412.58 million, a P/E ratio of -50.32, a PEG ratio of 5.39 and a beta of 1.22. The company’s fifty day simple moving average is $9.44 and its two-hundred day simple moving average is $9.30.

Gladstone Land (NASDAQ:LAND) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. Gladstone Land had a net margin of 14.50% and a return on equity of 1.46%. The firm had revenue of $17.79 million for the quarter, compared to analyst estimates of $15.08 million. Research analysts anticipate that Gladstone Land Corporation will post 0.52 EPS for the current year.

Gladstone Land Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a dividend of $0.0467 per share. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Land’s payout ratio is presently -254.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LAND shares. Industrial Alliance Securities set a $10.00 price target on Gladstone Land in a research note on Tuesday, November 11th. Wall Street Zen downgraded shares of Gladstone Land from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Zacks Research upgraded shares of Gladstone Land from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Alliance Global Partners reissued a “neutral” rating on shares of Gladstone Land in a report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gladstone Land in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Gladstone Land currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

About Gladstone Land

Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.

The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.