Gladstone Land Co. (NASDAQ:LAND) Shares Purchased by Barclays PLC

Barclays PLC lifted its holdings in shares of Gladstone Land Co. (NASDAQ:LAND) by 90.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,297 shares of the real estate investment trust’s stock after purchasing an additional 40,459 shares during the quarter. Barclays PLC owned about 0.24% of Gladstone Land worth $1,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of 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 valued at $27,000 after buying an additional 1,334 shares during the period. Signaturefd LLC increased its holdings in Gladstone Land by 3,910.3% during the 2nd quarter. Signaturefd LLC now owns 3,128 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 3,050 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Gladstone Land during the third quarter worth about $50,000. BNP Paribas Financial Markets increased its holdings in Gladstone Land by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 11,409 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 3,556 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Gladstone Land by 41.0% during the third quarter. SG Americas Securities LLC now owns 12,280 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 3,572 shares in the last quarter. Institutional investors and hedge funds own 53.60% of the company’s stock.

Gladstone Land Trading Down 0.3 %

Gladstone Land stock opened at $10.64 on Monday. Gladstone Land Co. has a 52-week low of $10.37 and a 52-week high of $15.36. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $385.01 million, a price-to-earnings ratio of -40.92, a PEG ratio of 3.84 and a beta of 1.04. The firm has a 50-day moving average price of $12.07 and a two-hundred day moving average price of $13.26.

Gladstone Land Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a dividend of $0.0467 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Friday, December 20th. Gladstone Land’s dividend payout ratio (DPR) is -215.38%.

Analysts Set New Price Targets

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

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.