Compass Financial Management LLC Acquires New Shares in Gladstone Land Corporation $LAND

Key Points

• Compass Financial Management acquired 644,711 shares of Gladstone Land, valued at approximately $5.5 million, giving it a 1.49% stake. Institutional investors collectively own 53.6% of the REIT.
• Analyst sentiment is mixed, with ratings ranging from Strong Buy to Sell; the stock carries an overall Hold consensus and a $10.00 target price.
• Gladstone Land reported quarterly EPS of -$0.32, missing estimates, while revenue exceeded forecasts. The company declared a monthly dividend of $0.0467, representing a 5.7% annualized yield.

Compass Financial Management LLC acquired a new position in shares of Gladstone Land Corporation (NASDAQ:LAND - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 644,711 shares of the real estate investment trust's stock, valued at approximately $5,499,000. Compass Financial Management LLC owned 1.49% of Gladstone Land at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its stake in Gladstone Land by 5.2% in the third quarter. Ameriprise Financial Inc. now owns 21,381 shares of the real estate investment trust's stock valued at $196,000 after acquiring an additional 1,066 shares during the period. Sigma Planning Corp raised its position in shares of Gladstone Land by 7.0% during the fourth quarter. Sigma Planning Corp now owns 17,826 shares of the real estate investment trust's stock worth $163,000 after purchasing an additional 1,161 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Gladstone Land by 9.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,763 shares of the real estate investment trust's stock valued at $140,000 after purchasing an additional 1,183 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Gladstone Land by 40.1% during the 3rd quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Abel Hall LLC grew its position in shares of Gladstone Land by 7.4% in the 1st quarter. Abel Hall LLC now owns 21,704 shares of the real estate investment trust's stock valued at $221,000 after purchasing an additional 1,498 shares during the period. 53.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LAND. Wall Street Zen downgraded shares of Gladstone Land from a "sell" rating to a "strong sell" rating in a research report on Saturday, May 16th. Lucid Cap Mkts upgraded Gladstone Land from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 14th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Gladstone Land in a research note on Friday, August 7th. One 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. Based on data from MarketBeat, Gladstone Land has an average rating of "Hold" and a consensus target price of $10.00.

Gladstone Land Stock Performance

Shares of LAND stock opened at $9.83 on Friday. Gladstone Land Corporation has a 12 month low of $7.92 and a 12 month high of $13.00. The company's fifty day simple moving average is $8.63 and its 200-day simple moving average is $9.64. The firm has a market cap of $424.07 million, a PE ratio of -17.87 and a beta of 1.09. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.72.

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

Gladstone Land Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.0467 dividend. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 5.7%. Gladstone Land's dividend payout ratio (DPR) is presently -101.82%.

Gladstone Land Profile

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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