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

SG Americas Securities LLC raised its position in Gladstone Land Co. (NASDAQ:LAND) by 22.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,016 shares of the real estate investment trust’s stock after purchasing an additional 2,736 shares during the quarter. SG Americas Securities LLC’s holdings in Gladstone Land were worth $163,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LAND. AQR Capital Management LLC lifted its holdings in Gladstone Land by 17.6% in the second quarter. AQR Capital Management LLC now owns 52,381 shares of the real estate investment trust’s stock valued at $717,000 after acquiring an additional 7,848 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Gladstone Land by 9.2% during the second quarter. The Manufacturers Life Insurance Company now owns 13,864 shares of the real estate investment trust’s stock worth $190,000 after acquiring an additional 1,172 shares during the last quarter. Creative Planning raised its position in Gladstone Land by 52.6% in the second quarter. Creative Planning now owns 20,321 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 7,003 shares during the period. Hunter Perkins Capital Management LLC lifted its stake in shares of Gladstone Land by 3.6% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 37,450 shares of the real estate investment trust’s stock valued at $521,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in shares of Gladstone Land during the 3rd quarter worth $257,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Gladstone Land Stock Down 0.9 %

NASDAQ:LAND opened at $10.75 on Monday. Gladstone Land Co. has a 52 week low of $10.27 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 stock’s fifty day moving average is $10.90 and its two-hundred day moving average is $12.60. The stock has a market capitalization of $388.99 million, a price-to-earnings ratio of -41.35, a price-to-earnings-growth ratio of 3.48 and a beta of 1.05.

Gladstone Land Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a dividend of $0.0467 per share. This represents a yield of 5.33%. This is a boost from Gladstone Land’s previous dividend of $0.04. The ex-dividend date was Friday, January 24th. Gladstone Land’s dividend payout ratio (DPR) is -215.38%.

Analysts Set New Price Targets

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

Gladstone Land 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.