Barclays PLC Buys 40,459 Shares of Gladstone Land Co. (NASDAQ:LAND)

Barclays PLC increased its stake in Gladstone Land Co. (NASDAQ:LAND) by 90.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,297 shares of the real estate investment trust’s stock after purchasing an additional 40,459 shares during the period. Barclays PLC owned approximately 0.24% of Gladstone Land worth $1,186,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in 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 buying an additional 3,556 shares during the period. State Street Corp boosted its position in shares of Gladstone Land by 2.1% during the 3rd quarter. State Street Corp now owns 795,775 shares of the real estate investment trust’s stock worth $11,061,000 after acquiring an additional 16,079 shares in the last quarter. Geode Capital Management LLC increased its stake in Gladstone Land by 1.5% in the third quarter. Geode Capital Management LLC now owns 900,632 shares of the real estate investment trust’s stock valued at $12,521,000 after acquiring an additional 13,217 shares during the last quarter. FMR LLC raised its position in Gladstone Land by 215.4% during the third quarter. FMR LLC now owns 13,836 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 9,449 shares in the last quarter. Finally, SG Americas Securities LLC lifted 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 worth $171,000 after purchasing an additional 3,572 shares during the last quarter. Institutional investors and hedge funds 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 decreased their price target for the company from $16.00 to $14.50 in a research note on Friday, November 8th.

Gladstone Land Trading Up 0.3 %

Shares of Gladstone Land stock opened at $10.43 on Tuesday. The firm has a market capitalization of $377.41 million, a PE ratio of -40.12, a price-to-earnings-growth ratio of 3.84 and a beta of 1.05. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average is $11.50 and its 200 day moving average is $13.06. Gladstone Land Co. has a 1 year low of $10.27 and a 1 year high of $15.36.

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.