Gladstone Land Co. (NASDAQ:LAND) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lessened its stake in Gladstone Land Co. (NASDAQ:LAND - Free Report) by 79.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,813 shares of the real estate investment trust's stock after selling 92,802 shares during the period. U.S. Capital Wealth Advisors LLC owned 0.07% of Gladstone Land worth $258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in shares of 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 worth $27,000 after acquiring an additional 1,334 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Gladstone Land during the 3rd quarter worth $50,000. BNP Paribas Financial Markets raised its position in Gladstone Land by 45.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,409 shares of the real estate investment trust's stock valued at $159,000 after purchasing an additional 3,556 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Gladstone Land by 41.0% in the 3rd quarter. SG Americas Securities LLC now owns 12,280 shares of the real estate investment trust's stock worth $171,000 after buying an additional 3,572 shares during the period. Finally, Cornercap Investment Counsel Inc. bought a new position in shares of Gladstone Land during the 3rd quarter worth $180,000. Institutional investors own 53.60% of the company's stock.

Analyst Ratings Changes

Separately, Alliance Global Partners cut shares of Gladstone Land from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $16.00 to $14.50 in a report on Friday, November 8th.

Gladstone Land Stock Down 0.5 %

Gladstone Land stock traded down $0.05 during mid-day trading on Monday, reaching $10.70. 224,636 shares of the company were exchanged, compared to its average volume of 282,836. Gladstone Land Co. has a 12-month low of $10.27 and a 12-month high of $15.36. The business has a fifty day moving average of $10.90 and a 200 day moving average of $12.58. The firm has a market cap of $387.23 million, a P/E ratio of -41.15, a PEG ratio of 3.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.70.

Gladstone Land Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a dividend of $0.0467 per share. The ex-dividend date was Friday, January 24th. This represents a yield of 5.33%. This is an increase from Gladstone Land's previous dividend of $0.04. Gladstone Land's dividend payout ratio (DPR) is presently -215.38%.

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.