Comprehensive Money Management Services LLC acquired a new position in shares of Gladstone Land Co. (NASDAQ:LAND - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,286 shares of the real estate investment trust's stock, valued at approximately $329,000. Comprehensive Money Management Services LLC owned approximately 0.08% of Gladstone Land as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in LAND. Bank of New York Mellon Corp boosted its holdings 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 valued at $2,182,000 after purchasing an additional 26,565 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Gladstone Land by 8.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,336 shares of the real estate investment trust's stock valued at $286,000 after purchasing an additional 2,105 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Gladstone Land in the fourth quarter valued at approximately $147,000. Accordant Advisory Group Inc boosted 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 valued at $1,946,000 after purchasing an additional 71,507 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Gladstone Land by 22.3% in the fourth quarter. SG Americas Securities LLC now owns 15,016 shares of the real estate investment trust's stock valued at $163,000 after purchasing an additional 2,736 shares in the last quarter. 53.60% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Gladstone Land
In other news, Director Anthony W. Parker sold 6,601 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $11.02, for a total transaction of $72,743.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.20% of the company's stock.
Gladstone Land Stock Performance
Shares of LAND stock traded up $0.03 during trading hours on Friday, hitting $9.89. The stock had a trading volume of 188,073 shares, compared to its average volume of 273,621. The firm has a market capitalization of $357.87 million, a PE ratio of -34.10, a PEG ratio of 3.74 and a beta of 1.15. Gladstone Land Co. has a twelve month low of $8.66 and a twelve month high of $15.36. The stock's 50 day moving average is $9.73 and its 200 day moving average is $10.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.99 and a quick ratio of 0.70.
Gladstone Land (NASDAQ:LAND - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The business had revenue of $16.80 million during the quarter, compared to the consensus estimate of $17.30 million. Gladstone Land had a return on equity of 1.89% and a net margin of 15.59%. As a group, research analysts forecast that Gladstone Land Co. will post 0.52 earnings per share for the current fiscal year.
Gladstone Land Announces Dividend
The business also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.0467 per share. This represents a dividend yield of 5.92%. The ex-dividend date of this dividend was Wednesday, May 21st. Gladstone Land's dividend payout ratio (DPR) is presently -224.00%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Alliance Global Partners reaffirmed a "neutral" rating on shares of Gladstone Land in a report on Tuesday, May 13th. Oppenheimer reissued an "outperform" rating on shares of Gladstone Land in a report on Friday, May 23rd. Finally, Wall Street Zen raised Gladstone Land from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th.
View Our Latest Analysis on LAND
Gladstone Land Company Profile
(
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.
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