JPMorgan Chase & Co. Has $1.87 Million Holdings in Gladstone Land Co. (NASDAQ:LAND)

JPMorgan Chase & Co. raised its holdings in Gladstone Land Co. (NASDAQ:LAND - Free Report) by 23.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 0.48% of Gladstone Land worth $1,873,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hager Investment Management Services LLC acquired a new position in shares of Gladstone Land during the 4th quarter worth about $27,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Gladstone Land in the 4th quarter valued at about $62,000. AlphaQuest LLC lifted its position in Gladstone Land by 63.2% in the 4th 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. Entropy Technologies LP purchased a new position in Gladstone Land in the fourth quarter valued at about $118,000. Finally, Fiduciary Group LLC purchased a new position in Gladstone Land during the 4th quarter valued at about $123,000. Institutional investors own 53.60% of the company's stock.

Gladstone Land Price Performance

Shares of LAND stock traded up $0.08 during trading hours on Tuesday, hitting $10.03. 146,230 shares of the company's stock were exchanged, compared to its average volume of 383,571. The firm has a market cap of $363.01 million, a P/E ratio of -34.57, a P/E/G ratio of 3.74 and a beta of 1.15. 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 Co. has a fifty-two week low of $8.66 and a fifty-two week high of $15.36. The firm has a 50 day moving average of $10.43 and a two-hundred day moving average of $11.23.

Gladstone Land (NASDAQ:LAND - Get Free Report) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share 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 during the quarter, compared to the consensus estimate of $20.45 million. Sell-side analysts forecast that Gladstone Land Co. will post 0.52 EPS for the current year.

Gladstone Land Dividend Announcement

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

Insider Activity at Gladstone Land

In other news, Director Anthony W. Parker sold 6,601 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $11.02, for a total transaction of $72,743.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.20% of the stock is currently owned by insiders.

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.

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.