Bard Associates Inc. Cuts Stock Position in Gladstone Land Corporation $LAND

Bard Associates Inc. trimmed its position in Gladstone Land Corporation (NASDAQ:LAND) by 51.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,472 shares of the real estate investment trust’s stock after selling 64,046 shares during the period. Bard Associates Inc. owned approximately 0.16% of Gladstone Land worth $563,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC lifted its stake in shares of Gladstone Land by 16.5% in the 3rd quarter. ProShare Advisors LLC now owns 698,201 shares of the real estate investment trust’s stock worth $6,396,000 after acquiring an additional 98,781 shares during the period. AlphaQuest LLC boosted its holdings in shares of Gladstone Land by 648.7% in the third quarter. AlphaQuest LLC now owns 60,931 shares of the real estate investment trust’s stock valued at $558,000 after acquiring an additional 52,793 shares in the last quarter. Accordant Advisory Group Inc increased its stake in shares of Gladstone Land by 4.4% during the second quarter. Accordant Advisory Group Inc now owns 259,580 shares of the real estate investment trust’s stock worth $2,640,000 after acquiring an additional 10,897 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Gladstone Land by 58,781.4% during the third quarter. Farther Finance Advisors LLC now owns 98,332 shares of the real estate investment trust’s stock worth $901,000 after acquiring an additional 98,165 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Gladstone Land by 11.0% during the third quarter. State of Alaska Department of Revenue now owns 18,280 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 1,818 shares in the last quarter. 53.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LAND shares. Wall Street Zen downgraded shares of Gladstone Land from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Zacks Research cut Gladstone Land from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings raised Gladstone Land from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.00.

Gladstone Land Stock Performance

Shares of LAND opened at $11.36 on Friday. The company has a 50-day simple moving average of $10.80 and a 200-day simple moving average of $9.72. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $470.76 million, a PE ratio of -94.66, a P/E/G ratio of 4.40 and a beta of 1.18. Gladstone Land Corporation has a 52-week low of $8.47 and a 52-week high of $13.00.

Gladstone Land (NASDAQ:LAND) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.35). Gladstone Land had a return on equity of 2.01% and a net margin of 15.31%.The company had revenue of $41.45 million for the quarter, compared to analysts’ expectations of $32.07 million. Equities research analysts predict that Gladstone Land Corporation will post 0.52 earnings per share for the current fiscal year.

Gladstone Land Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.0467 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, March 23rd. Gladstone Land’s dividend payout ratio (DPR) is presently -466.67%.

About Gladstone Land

Gladstone Land Corporation (NASDAQ: LAND) is a publicly traded real estate investment trust (REIT) that specializes in the acquisition and ownership of farmland in the United States. Established in 2013 and headquartered in Wayne, Pennsylvania, the company focuses on purchasing high-quality agricultural properties and leasing them to farmers under long‐term, triple‐net lease agreements. This model provides tenants with operational flexibility while generating stable, recurring rental income for investors.

The company’s portfolio spans several key agricultural regions across the country, including California, the Midwest, and parts of the Southeast.