Gladstone Land Co. (NASDAQ:LAND) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Gladstone Land Co. (NASDAQ:LAND) by 41.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,280 shares of the real estate investment trust’s stock after acquiring an additional 3,572 shares during the quarter. SG Americas Securities LLC’s holdings in Gladstone Land were worth $171,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Marathon Capital Management grew its holdings in Gladstone Land by 0.5% during the second quarter. Marathon Capital Management now owns 154,271 shares of the real estate investment trust’s stock worth $2,112,000 after acquiring an additional 781 shares during the period. Pullen Investment Management LLC boosted its position in Gladstone Land by 1.7% in the 2nd quarter. Pullen Investment Management LLC now owns 47,106 shares of the real estate investment trust’s stock worth $645,000 after purchasing an additional 803 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Gladstone Land by 9.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,864 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 1,172 shares during the period. Sei Investments Co. increased its holdings in shares of Gladstone Land by 8.7% during the 2nd quarter. Sei Investments Co. now owns 22,512 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 1,804 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Gladstone Land by 0.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 246,125 shares of the real estate investment trust’s stock valued at $3,283,000 after purchasing an additional 2,042 shares during the period. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Gladstone Land Price Performance

Shares of NASDAQ LAND opened at $13.38 on Thursday. The stock has a market capitalization of $479.51 million, a price-to-earnings ratio of 223.00, a price-to-earnings-growth ratio of 4.37 and a beta of 1.07. Gladstone Land Co. has a 52 week low of $12.31 and a 52 week high of $15.36. The firm has a 50-day simple moving average of $13.75 and a 200-day simple moving average of $13.63. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.78.

Gladstone Land Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.0467 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Land’s dividend payout ratio (DPR) is 933.33%.

Analysts Set New Price Targets

Separately, Maxim Group lowered shares of Gladstone Land from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.