Gladstone Land Co. (NASDAQ:LAND) Director Sells $72,743.02 in Stock

Gladstone Land Co. (NASDAQ:LAND - Get Free Report) Director Anthony W. Parker sold 6,601 shares of Gladstone Land stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $11.02, for a total value of $72,743.02. The transaction was disclosed in a filing with the SEC, which is available at this link.

Gladstone Land Stock Performance

Shares of NASDAQ:LAND traded up $0.03 during trading on Tuesday, reaching $10.90. 106,329 shares of the stock were exchanged, compared to its average volume of 376,776. The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $11.04 and a 200-day moving average price of $12.10. Gladstone Land Co. has a 12 month low of $10.27 and a 12 month high of $15.36. The firm has a market cap of $394.42 million, a PE ratio of -37.58, a PEG ratio of 3.74 and a beta of 1.11.

Gladstone Land (NASDAQ:LAND - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.09 EPS for the quarter, topping analysts' consensus estimates 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. Research analysts expect that Gladstone Land Co. will post 0.52 EPS for the current fiscal year.

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Gladstone Land Increases Dividend

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

Hedge Funds Weigh In On Gladstone Land

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LAND. Larson Financial Group LLC raised its stake in Gladstone Land by 224.2% in 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 in the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Gladstone Land in the 4th quarter valued at approximately $27,000. KLP Kapitalforvaltning AS bought a new stake in shares of Gladstone Land during the 4th quarter worth approximately $62,000. AlphaQuest LLC increased its stake in Gladstone Land by 63.2% in 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 during the last quarter. Finally, Entropy Technologies LP acquired a new position in Gladstone Land during the fourth quarter valued at approximately $118,000. 53.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Gladstone Land Company 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.