24,687 Shares in Gladstone Land Co. (NASDAQ:LAND) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in shares of Gladstone Land Co. (NASDAQ:LAND - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 24,687 shares of the real estate investment trust's stock, valued at approximately $268,000. EntryPoint Capital LLC owned approximately 0.07% of Gladstone Land at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LAND. Larson Financial Group LLC raised its position in Gladstone Land by 224.2% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 1,334 shares during the period. Hager Investment Management Services LLC purchased a new stake in Gladstone Land in the fourth quarter worth $27,000. KLP Kapitalforvaltning AS bought a new stake in Gladstone Land during the 4th quarter valued at about $62,000. AlphaQuest LLC raised its stake in shares of Gladstone Land by 63.2% during the fourth quarter. AlphaQuest LLC now owns 5,841 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 2,261 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Gladstone Land in the 4th quarter worth $118,000. Hedge funds and other institutional investors own 53.60% of the company's stock.

Gladstone Land Stock Down 1.1 %

NASDAQ LAND traded down $0.12 during trading on Monday, hitting $10.52. The company's stock had a trading volume of 365,469 shares, compared to its average volume of 242,054. The company has a market cap of $380.67 million, a PE ratio of -36.27, a P/E/G ratio of 3.74 and a beta of 1.11. Gladstone Land Co. has a fifty-two week low of $10.27 and a fifty-two week high of $15.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.99 and a quick ratio of 0.70. The business's 50 day simple moving average is $11.04 and its 200-day simple moving average is $11.91.

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

Gladstone Land Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a dividend of $0.0467 per share. This is a boost from Gladstone Land's previous dividend of $0.04. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 5.33%. Gladstone Land's dividend payout ratio (DPR) is presently -193.10%.

Insider Activity at Gladstone Land

In other Gladstone Land news, Director Anthony W. Parker sold 6,601 shares of Gladstone Land stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $11.02, for a total value of $72,743.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.20% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Gladstone Land from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th.

About Gladstone Land

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.