656,313 Shares in Gladstone Land Corporation $LAND Purchased by Melia Wealth LLC

Key Points

• Melia Wealth LLC purchased 656,313 Gladstone Land shares worth approximately $10.1 million, making the REIT 5.8% of its portfolio and giving it a 1.52% ownership stake.
• Institutional investors own 53.6% of Gladstone Land, while analyst opinion remains mixed: the stock has a consensus “Hold” rating and a $10.00 price target.
• Gladstone Land reported a quarterly loss of $0.32 per share, missing estimates, but announced a monthly dividend of $0.0467 per share, representing a stated 6.3% yield.

Melia Wealth LLC purchased a new stake in shares of Gladstone Land Corporation (NASDAQ:LAND - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 656,313 shares of the real estate investment trust's stock, valued at approximately $10,147,000. Gladstone Land comprises about 5.8% of Melia Wealth LLC's investment portfolio, making the stock its 6th largest holding. Melia Wealth LLC owned 1.52% of Gladstone Land as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of LAND. Optiver Holding B.V. raised its stake in shares of Gladstone Land by 345.2% during the 1st quarter. Optiver Holding B.V. now owns 2,493 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 1,933 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Gladstone Land in the first quarter valued at $25,000. Burk Holdings LLC acquired a new position in Gladstone Land during the second quarter worth $26,000. Legal & General Group Plc acquired a new position in Gladstone Land during the second quarter worth $34,000. Finally, Parallel Advisors LLC raised its position in Gladstone Land by 40.1% during the third quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 1,386 shares in the last quarter. 53.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Lucid Cap Mkts upgraded shares of Gladstone Land from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 14th. Wall Street Zen cut shares of Gladstone Land from a "sell" rating to a "strong sell" rating in a report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Gladstone Land in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Gladstone Land currently has a consensus rating of "Hold" and a consensus price target of $10.00.

Gladstone Land Stock Performance

NASDAQ LAND opened at $8.87 on Friday. The firm has a 50-day moving average of $8.53 and a 200-day moving average of $9.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $382.63 million, a PE ratio of -16.13 and a beta of 1.07. Gladstone Land Corporation has a 52-week low of $7.92 and a 52-week high of $13.00.

Gladstone Land (NASDAQ:LAND - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The real estate investment trust reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.06). The company had revenue of $12.69 million during the quarter, compared to analyst estimates of $12.28 million. Gladstone Land had a negative net margin of 7.31% and a negative return on equity of 0.96%. On average, sell-side analysts anticipate that Gladstone Land Corporation will post 0.48 EPS for the current year.

Gladstone Land Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a $0.0467 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 6.3%. Gladstone Land's dividend payout ratio is presently -101.82%.

About Gladstone Land

Gladstone Land Corporation NASDAQ: LAND is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.

The company's portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.

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