Gladstone Land Co. (NASDAQ:LAND) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Gladstone Land Co. (NASDAQ:LAND - Free Report) by 23.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,583 shares of the real estate investment trust's stock after buying an additional 33,285 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.48% of Gladstone Land worth $1,873,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new stake in shares of Gladstone Land during the 4th quarter worth $268,000. LPL Financial LLC lifted its position in shares of Gladstone Land by 119.5% during the fourth quarter. LPL Financial LLC now owns 76,469 shares of the real estate investment trust's stock valued at $830,000 after buying an additional 41,638 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Gladstone Land in the 4th quarter valued at about $62,000. Quantbot Technologies LP grew its position in shares of Gladstone Land by 258.1% in the 4th quarter. Quantbot Technologies LP now owns 12,581 shares of the real estate investment trust's stock worth $137,000 after buying an additional 9,068 shares during the last quarter. Finally, Fiduciary Group LLC bought a new position in shares of Gladstone Land during the 4th quarter worth approximately $123,000. Institutional investors own 53.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Gladstone Land from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th.

Insider Activity

In related news, Director Anthony W. Parker sold 6,601 shares of the stock in a transaction 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 SEC, which is available through the SEC website. Insiders own 7.20% of the company's stock.

Gladstone Land Stock Performance

Shares of Gladstone Land stock traded down $0.03 on Wednesday, reaching $9.93. 267,718 shares of the stock were exchanged, compared to its average volume of 262,827. The business has a 50 day moving average price of $10.40 and a two-hundred day moving average price of $11.22. The firm has a market capitalization of $359.32 million, a price-to-earnings ratio of -34.24, 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 company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.77.

Gladstone Land (NASDAQ:LAND - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.19. Gladstone Land had a net margin of 15.59% and a return on equity of 1.89%. The business had revenue of $21.10 million during the quarter, compared to analysts' expectations of $20.45 million. Analysts anticipate that Gladstone Land Co. will post 0.52 earnings per share for the current fiscal year.

Gladstone Land Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.0467 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a dividend yield of 5.75%. Gladstone Land's payout ratio is currently -193.10%.

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.