Gladstone Land Co. (NASDAQ:LAND) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Gladstone Land Co. (NASDAQ:LAND - Free Report) by 60.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,065 shares of the real estate investment trust's stock after acquiring an additional 30,215 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Gladstone Land worth $869,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in Gladstone Land by 15.2% during 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 raised its stake in shares of 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 worth $286,000 after purchasing an additional 2,105 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Gladstone Land during the fourth quarter worth about $147,000. Bank of America Corp DE grew its holdings in Gladstone Land by 25.7% during the fourth quarter. Bank of America Corp DE now owns 72,798 shares of the real estate investment trust's stock worth $790,000 after acquiring an additional 14,881 shares during the period. Finally, Northern Trust Corp grew its holdings in Gladstone Land by 7.1% during the fourth quarter. Northern Trust Corp now owns 458,975 shares of the real estate investment trust's stock worth $4,980,000 after acquiring an additional 30,322 shares during the period. Institutional investors own 53.60% of the company's stock.

Gladstone Land Trading Down 1.0%

NASDAQ:LAND traded down $0.10 on Friday, reaching $10.12. The company's stock had a trading volume of 208,686 shares, compared to its average volume of 278,898. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.77. The firm has a market cap of $366.19 million, a price-to-earnings ratio of -34.90, a price-to-earnings-growth ratio of 3.74 and a beta of 1.12. Gladstone Land Co. has a 12-month low of $8.66 and a 12-month high of $15.36. The stock has a 50 day moving average price of $9.69 and a 200 day moving average price of $10.53.

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 (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $16.80 million for 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%. On average, equities analysts anticipate that Gladstone Land Co. will post 0.52 EPS for the current fiscal year.

Gladstone Land Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen raised Gladstone Land from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Alliance Global Partners reiterated a "neutral" rating on shares of Gladstone Land in a research report on Tuesday, May 13th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Gladstone Land in a research report on Friday, May 23rd.

Gladstone Land Company Profile

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.