UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $869,000 Position in Gladstone Land Co. (NASDAQ:LAND)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Gladstone Land Co. (NASDAQ:LAND - Free Report) by 60.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,065 shares of the real estate investment trust's stock after purchasing an additional 30,215 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of Gladstone Land worth $869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new stake in Gladstone Land in the 4th quarter valued at about $157,000. Quantinno Capital Management LP acquired a new stake in shares of Gladstone Land in the fourth quarter valued at approximately $150,000. Millennium Management LLC bought a new stake in shares of Gladstone Land in the fourth quarter valued at approximately $2,051,000. Clark Capital Management Group Inc. boosted its stake in shares of Gladstone Land by 2.1% in the fourth quarter. Clark Capital Management Group Inc. now owns 182,784 shares of the real estate investment trust's stock valued at $1,983,000 after buying an additional 3,774 shares during the period. Finally, Deutsche Bank AG grew its position in Gladstone Land by 23.0% during the fourth quarter. Deutsche Bank AG now owns 21,006 shares of the real estate investment trust's stock worth $228,000 after buying an additional 3,928 shares in the last quarter. 53.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on LAND. Alliance Global Partners restated a "neutral" rating on shares of Gladstone Land in a research note on Tuesday, May 13th. Wall Street Zen raised Gladstone Land from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Oppenheimer restated an "outperform" rating on shares of Gladstone Land in a research report on Friday, May 23rd.

Gladstone Land Price Performance

Shares of NASDAQ:LAND traded up $0.12 during midday trading on Thursday, hitting $10.25. The stock had a trading volume of 69,043 shares, compared to its average volume of 277,287. The company's 50-day moving average price is $9.66 and its 200-day moving average price is $10.55. Gladstone Land Co. has a fifty-two week low of $8.66 and a fifty-two week high of $15.36. 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 company has a market capitalization of $370.90 million, a P/E ratio of -35.34, a price-to-earnings-growth ratio of 3.74 and a beta of 1.12.

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

Gladstone Land Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 30th. Stockholders 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 dividend yield of 5.92%. Gladstone Land's dividend payout ratio (DPR) is currently -224.00%.

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.