UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 46,556 Shares of Gladstone Land Co. (NASDAQ:LAND)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Gladstone Land Co. (NASDAQ:LAND) by 48.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,850 shares of the real estate investment trust’s stock after selling 46,556 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Gladstone Land worth $693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC increased its position in Gladstone Land by 224.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,334 shares in the last quarter. Signaturefd LLC grew its stake in shares of Gladstone Land by 3,910.3% during the second quarter. Signaturefd LLC now owns 3,128 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 3,050 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Gladstone Land during the third quarter worth $50,000. BNP Paribas Financial Markets lifted its stake in shares of Gladstone Land by 45.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,409 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 3,556 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Gladstone Land by 41.0% in the 3rd quarter. SG Americas Securities LLC now owns 12,280 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 3,572 shares during the last quarter. Institutional investors own 53.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners lowered Gladstone Land from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $16.00 to $14.50 in a research report on Friday, November 8th.

Gladstone Land Stock Down 3.8 %

NASDAQ:LAND opened at $10.51 on Friday. Gladstone Land Co. has a one year low of $10.51 and a one year high of $15.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $380.30 million, a PE ratio of -40.42, a P/E/G ratio of 3.91 and a beta of 1.04. The firm’s 50 day simple moving average is $12.42 and its 200 day simple moving average is $13.38.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.0467 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.56 annualized dividend and a dividend yield of 5.33%. Gladstone Land’s dividend payout ratio is -215.38%.

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.