Gladstone Land Co. (NASDAQ:LAND) Stake Raised by Fmr LLC

Fmr LLC raised its holdings in shares of Gladstone Land Co. (NASDAQ:LAND) by 215.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,836 shares of the real estate investment trust’s stock after acquiring an additional 9,449 shares during the quarter. Fmr LLC’s holdings in Gladstone Land were worth $192,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Pullen Investment Management LLC grew its position 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 valued at $645,000 after purchasing an additional 803 shares in the last quarter. Signaturefd LLC grew its holdings in shares of 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 valued at $43,000 after acquiring an additional 3,050 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Gladstone Land by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 62,105 shares of the real estate investment trust’s stock valued at $850,000 after acquiring an additional 3,006 shares in the last quarter. Trueblood Wealth Management LLC acquired a new position in shares of Gladstone Land in the second quarter worth $192,000. Finally, Moors & Cabot Inc. raised its holdings in shares of Gladstone Land by 6.3% during the second quarter. Moors & Cabot Inc. now owns 97,650 shares of the real estate investment trust’s stock worth $1,337,000 after acquiring an additional 5,750 shares in the last quarter. Institutional investors and hedge funds own 53.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Gladstone Land Stock Performance

Shares of LAND opened at $10.54 on Friday. The firm has a market cap of $381.39 million, a price-to-earnings ratio of -40.54, a price-to-earnings-growth ratio of 3.91 and a beta of 1.04. The company’s fifty day moving average is $12.36 and its 200-day moving average is $13.36. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.77. Gladstone Land Co. has a 12 month low of $10.44 and a 12 month high of $15.36.

Gladstone Land Dividend Announcement

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 given a dividend of $0.0467 per share. This represents a $0.56 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Land’s payout ratio 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.