ExodusPoint Capital Management LP bought a new stake in shares of Gladstone Land Co. (NASDAQ:LAND - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,514 shares of the real estate investment trust's stock, valued at approximately $537,000. ExodusPoint Capital Management LP owned approximately 0.14% of Gladstone Land as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Gladstone Land by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 905,578 shares of the real estate investment trust's stock worth $9,828,000 after purchasing an additional 4,946 shares in the last quarter. State Street Corp raised its stake in Gladstone Land by 2.1% in the third quarter. State Street Corp now owns 795,775 shares of the real estate investment trust's stock worth $11,061,000 after buying an additional 16,079 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Gladstone Land by 15.2% in the fourth quarter. Bank of New York Mellon Corp now owns 201,093 shares of the real estate investment trust's stock worth $2,182,000 after buying an additional 26,565 shares in the last quarter. Accordant Advisory Group Inc lifted its holdings in Gladstone Land by 66.3% in the fourth quarter. Accordant Advisory Group Inc now owns 179,355 shares of the real estate investment trust's stock worth $1,946,000 after buying an additional 71,507 shares during the period. Finally, Southern Style Financial Inc. bought a new stake in Gladstone Land during the 4th quarter valued at approximately $1,893,000. Hedge funds and other institutional investors own 53.60% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Gladstone Land from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th.
Get Our Latest Stock Report on LAND
Insider Activity
In related news, Director Anthony W. Parker sold 6,601 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $11.02, for a total transaction of $72,743.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.02% of the company's stock.
Gladstone Land Stock Up 1.7 %
Shares of Gladstone Land stock traded up $0.17 during trading on Thursday, hitting $9.65. The company's stock had a trading volume of 155,118 shares, compared to its average volume of 255,811. Gladstone Land Co. has a 52 week low of $8.66 and a 52 week high of $15.36. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.99. The company has a fifty day simple moving average of $10.70 and a two-hundred day simple moving average of $11.48. The company has a market capitalization of $349.00 million, a PE ratio of -33.25, a P/E/G ratio of 3.74 and a beta of 1.15.
Gladstone Land (NASDAQ:LAND - Get Free Report) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.19. The firm had revenue of $21.10 million during the quarter, compared to analyst estimates of $20.45 million. Gladstone Land had a net margin of 15.59% and a return on equity of 1.89%. Equities research analysts predict that Gladstone Land Co. will post 0.52 earnings per share for the current year.
Gladstone Land Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 21st will be issued a dividend of $0.0467 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $0.56 annualized dividend and a dividend yield of 5.81%. Gladstone Land's payout ratio is presently -193.10%.
About Gladstone Land
(
Free Report)
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.
Further Reading
Before you consider Gladstone Land, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gladstone Land wasn't on the list.
While Gladstone Land currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
