Gladstone Land Co. (NASDAQ:LAND) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in shares of Gladstone Land Co. (NASDAQ:LAND) by 45.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,409 shares of the real estate investment trust’s stock after purchasing an additional 3,556 shares during the period. BNP Paribas Financial Markets’ holdings in Gladstone Land were worth $159,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LAND. Marathon Capital Management raised its stake in shares of Gladstone Land by 0.5% in the 2nd quarter. Marathon Capital Management now owns 154,271 shares of the real estate investment trust’s stock worth $2,112,000 after buying an additional 781 shares in the last quarter. Pullen Investment Management LLC grew its holdings in Gladstone Land by 1.7% during the second quarter. Pullen Investment Management LLC now owns 47,106 shares of the real estate investment trust’s stock worth $645,000 after acquiring an additional 803 shares during the period. The Manufacturers Life Insurance Company grew its holdings 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 period. Hunter Perkins Capital Management LLC raised its position in Gladstone Land by 3.6% in the third quarter. Hunter Perkins Capital Management LLC now owns 37,450 shares of the real estate investment trust’s stock worth $521,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Gladstone Land by 224.2% in 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 acquiring an additional 1,334 shares during the last quarter. 53.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Gladstone Land Stock Performance

LAND opened at $11.25 on Wednesday. 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 cap of $407.08 million, a PE ratio of -43.27, a P/E/G ratio of 3.91 and a beta of 1.04. The business has a fifty day simple moving average of $12.53 and a 200-day simple moving average of $13.42. Gladstone Land Co. has a fifty-two week low of $11.02 and a fifty-two week high of $15.36.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.0467 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.98%. Gladstone Land’s dividend payout ratio (DPR) is -215.38%.

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.