Gladstone Land Co. (NASDAQ:LAND) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its holdings in Gladstone Land Co. (NASDAQ:LAND - Free Report) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 458,975 shares of the real estate investment trust's stock after buying an additional 30,322 shares during the period. Northern Trust Corp owned approximately 1.27% of Gladstone Land worth $4,980,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LAND. Geode Capital Management LLC raised its stake in shares of Gladstone Land by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 905,578 shares of the real estate investment trust's stock valued at $9,828,000 after acquiring an additional 4,946 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Gladstone Land by 87.5% during the 4th quarter. Renaissance Technologies LLC now owns 245,600 shares of the real estate investment trust's stock worth $2,665,000 after purchasing an additional 114,600 shares during the period. Bank of New York Mellon Corp raised its position in Gladstone Land by 15.2% in the 4th 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. Accordant Advisory Group Inc raised its position in Gladstone Land by 66.3% in the 4th 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, Southern Style Financial Inc. purchased a new position in shares of Gladstone Land in the 4th quarter valued at about $1,893,000. Institutional investors and hedge funds own 53.60% of the company's stock.

Insider Buying and Selling at Gladstone Land

In other news, Director Anthony W. Parker sold 6,601 shares of the business'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 available at this link. 7.20% of the stock is currently owned by insiders.

Gladstone Land Stock Performance

NASDAQ:LAND opened at $9.46 on Thursday. Gladstone Land Co. has a 12 month low of $8.66 and a 12 month high of $15.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.99 and a quick ratio of 0.70. The firm has a market capitalization of $342.31 million, a PE ratio of -32.62, a price-to-earnings-growth ratio of 3.74 and a beta of 1.15. The business's fifty day moving average price is $9.86 and its 200 day moving average price is $10.83.

Gladstone Land (NASDAQ:LAND - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. Gladstone Land had a return on equity of 1.89% and a net margin of 15.59%. The business had revenue of $16.80 million during the quarter, compared to analysts' expectations of $17.30 million. On average, sell-side analysts anticipate that Gladstone Land Co. will post 0.52 earnings per share for the current fiscal year.

Gladstone Land Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be issued a $0.0467 dividend. This represents a yield of 5.92%. The ex-dividend date is Wednesday, May 21st. Gladstone Land's dividend payout ratio (DPR) is -224.00%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LAND shares. StockNews.com upgraded shares of Gladstone Land from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Alliance Global Partners reiterated a "neutral" rating on shares of Gladstone Land in a report on Tuesday, May 13th.

About Gladstone Land

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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