Mutual Advisors LLC Has $193,000 Position in Gladstone Land Co. (NASDAQ:LAND)

Mutual Advisors LLC lessened its stake in shares of Gladstone Land Co. (NASDAQ:LANDFree Report) by 14.4% during the fourth quarter, Holdings Channel reports. The fund owned 17,850 shares of the real estate investment trust’s stock after selling 3,000 shares during the quarter. Mutual Advisors LLC’s holdings in Gladstone Land were worth $193,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in Gladstone Land by 45.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,409 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 3,556 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gladstone Land by 62.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 139,298 shares of the real estate investment trust’s stock worth $1,936,000 after acquiring an additional 53,400 shares in the last quarter. Barclays PLC grew its stake in shares of Gladstone Land by 90.2% in the 3rd quarter. Barclays PLC now owns 85,297 shares of the real estate investment trust’s stock worth $1,186,000 after acquiring an additional 40,459 shares in the last quarter. State Street Corp grew its stake in shares of Gladstone Land by 2.1% in the 3rd quarter. State Street Corp now owns 795,775 shares of the real estate investment trust’s stock worth $11,061,000 after acquiring an additional 16,079 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Gladstone Land by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 900,632 shares of the real estate investment trust’s stock worth $12,521,000 after acquiring an additional 13,217 shares in the last quarter. Institutional investors and hedge funds own 53.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners lowered shares of Gladstone Land from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $16.00 to $14.50 in a research note on Friday, November 8th.

Check Out Our Latest Stock Report on Gladstone Land

Gladstone Land Price Performance

LAND opened at $10.78 on Thursday. The firm has a market cap of $390.13 million, a P/E ratio of -41.46, a PEG ratio of 3.35 and a beta of 1.05. The firm has a 50-day moving average of $11.09 and a 200 day moving average of $12.82. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.70. Gladstone Land Co. has a fifty-two week low of $10.27 and a fifty-two week high of $15.36.

Gladstone Land (NASDAQ:LANDGet Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.29). The company had revenue of $22.57 million for the quarter, compared to the consensus estimate of $21.47 million. Gladstone Land had a net margin of 16.45% and a return on equity of 2.05%. During the same quarter in the previous year, the company posted $0.16 EPS. On average, research analysts expect that Gladstone Land Co. will post 0.52 EPS for the current year.

Gladstone Land Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 27th will be given a dividend of $0.0467 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a yield of 5.33%. This is a positive change from Gladstone Land’s previous dividend of $0.04. Gladstone Land’s dividend payout ratio is presently -215.38%.

About Gladstone Land

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Gladstone Land (NASDAQ:LAND)

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