ExodusPoint Capital Management LP acquired a new stake in Gladstone Land Co. (NASDAQ:LAND - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,514 shares of the real estate investment trust's stock, valued at approximately $537,000. ExodusPoint Capital Management LP owned 0.14% of Gladstone Land as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Southern Style Financial Inc. acquired a new stake in shares of Gladstone Land in the fourth quarter valued at about $1,893,000. Accordant Advisory Group Inc increased its position in Gladstone Land by 66.3% during the 4th quarter. Accordant Advisory Group Inc now owns 179,355 shares of the real estate investment trust's stock valued at $1,946,000 after purchasing an additional 71,507 shares during the period. JPMorgan Chase & Co. raised its holdings in Gladstone Land by 62.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 139,298 shares of the real estate investment trust's stock worth $1,936,000 after purchasing an additional 53,400 shares during the last quarter. LPL Financial LLC lifted its position in shares of Gladstone Land by 119.5% in the 4th quarter. LPL Financial LLC now owns 76,469 shares of the real estate investment trust's stock worth $830,000 after purchasing an additional 41,638 shares during the period. Finally, Barclays PLC boosted 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 valued at $1,186,000 after purchasing an additional 40,459 shares during the last quarter. 53.60% of the stock is owned by institutional investors.
Gladstone Land Trading Up 1.5 %
LAND traded up $0.14 during trading on Tuesday, hitting $9.56. The company's stock had a trading volume of 368,384 shares, compared to its average volume of 255,941. The firm has a market capitalization of $345.93 million, a P/E ratio of -32.96, 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. The stock's fifty day moving average price is $10.75 and its 200-day moving average price is $11.51.
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. 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 for the quarter, compared to analyst estimates of $20.45 million. Analysts anticipate that Gladstone Land Co. will post 0.52 EPS for the current year.
Gladstone Land Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 21st will be paid a $0.0467 dividend. The ex-dividend date is Monday, April 21st. This represents a $0.56 annualized dividend and a dividend yield of 5.86%. Gladstone Land's dividend payout ratio is presently -193.10%.
Insider Activity at Gladstone Land
In other Gladstone Land news, Director Anthony W. Parker sold 6,601 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $11.02, for a total value of $72,743.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.20% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Gladstone Land from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th.
Check Out Our Latest Stock Report on Gladstone Land
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.
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