PFG Investments LLC Grows Stake in Gladstone Land Co. (NASDAQ:LAND)

PFG Investments LLC boosted its position in shares of Gladstone Land Co. (NASDAQ:LAND - Free Report) by 72.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,715 shares of the real estate investment trust's stock after purchasing an additional 63,250 shares during the quarter. PFG Investments LLC owned about 0.42% of Gladstone Land worth $2,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Accordant Advisory Group Inc purchased a new position in shares of Gladstone Land in the 1st quarter valued at $1,542,000. International Assets Investment Management LLC purchased a new position in shares of Gladstone Land in the 4th quarter valued at $727,000. Quest Partners LLC purchased a new position in shares of Gladstone Land in the 4th quarter valued at $399,000. Kayne Anderson Capital Advisors LP purchased a new position in shares of Gladstone Land in the 3rd quarter valued at $327,000. Finally, Vanguard Group Inc. increased its holdings in shares of Gladstone Land by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,475,939 shares of the real estate investment trust's stock valued at $49,463,000 after acquiring an additional 21,581 shares during the period. 53.60% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Land Stock Up 0.3 %

LAND stock traded up $0.04 on Friday, hitting $12.68. 108,262 shares of the company's stock were exchanged, compared to its average volume of 176,392. Gladstone Land Co. has a 12-month low of $12.31 and a 12-month high of $17.48. The firm has a 50 day moving average price of $12.99 and a two-hundred day moving average price of $13.73. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market cap of $454.43 million, a P/E ratio of -46.96, a price-to-earnings-growth ratio of 3.25 and a beta of 1.00.

Gladstone Land Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.0466 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.56 annualized dividend and a yield of 4.41%. Gladstone Land's dividend payout ratio (DPR) is -203.70%.

Gladstone Land 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.

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