LPL Financial LLC Has $830,000 Stock Holdings in Gladstone Land Co. (NASDAQ:LAND)

LPL Financial LLC lifted its stake in shares of Gladstone Land Co. (NASDAQ:LAND - Free Report) by 119.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,469 shares of the real estate investment trust's stock after buying an additional 41,638 shares during the quarter. LPL Financial LLC owned 0.21% of Gladstone Land worth $830,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Rhumbline Advisers lifted its position in Gladstone Land by 1.9% in the fourth quarter. Rhumbline Advisers now owns 59,290 shares of the real estate investment trust's stock worth $643,000 after purchasing an additional 1,130 shares during the period. Catalyst Capital Advisors LLC grew its position in Gladstone Land by 9.5% in the fourth quarter. Catalyst Capital Advisors LLC now owns 13,685 shares of the real estate investment trust's stock worth $148,000 after buying an additional 1,192 shares during the last quarter. Millburn Ridgefield Corp grew its holdings in shares of Gladstone Land by 9.5% in the 4th quarter. Millburn Ridgefield Corp now owns 13,685 shares of the real estate investment trust's stock worth $148,000 after acquiring an additional 1,192 shares during the last quarter. AlphaQuest LLC increased its stake 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 worth $63,000 after purchasing an additional 2,261 shares in the last quarter. Finally, Hager Investment Management Services LLC acquired a new stake in shares of Gladstone Land during the fourth quarter valued at approximately $27,000. 53.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gladstone Land

In other news, Director Anthony W. Parker sold 6,601 shares of the business'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 filing with the SEC, which is available through this hyperlink. Company insiders own 7.20% of the company's stock.

Analyst Ratings Changes

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

Gladstone Land Stock Performance

LAND stock traded up $0.07 during midday trading on Friday, hitting $9.78. 112,678 shares of the company traded hands, compared to its average volume of 260,351. The stock has a market capitalization of $353.89 million, a price-to-earnings ratio of -33.71, a price-to-earnings-growth 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 twelve month low of $8.66 and a twelve month high of $15.36. The business has a 50 day simple moving average of $10.50 and a 200-day simple moving average of $11.31.

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 (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. As a group, equities research analysts predict that Gladstone Land Co. will post 0.52 earnings per share for the current year.

Gladstone Land Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd will be issued 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%.

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.