Gladstone Land Corporation (NASDAQ:LAND) Short Interest Down 18.4% in March

Gladstone Land Corporation (NASDAQ:LAND) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 1,536,017 shares, a decrease of 18.4% from the February 26th total of 1,881,632 shares. Currently, 4.0% of the shares of the stock are short sold. Based on an average trading volume of 564,685 shares, the days-to-cover ratio is presently 2.7 days.

Hedge Funds Weigh In On Gladstone Land

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LAND. Parallel Advisors LLC lifted its holdings in shares of Gladstone Land by 40.1% in the third quarter. Parallel Advisors LLC now owns 4,840 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,386 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Gladstone Land by 164.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,051 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 3,761 shares during the last quarter. Strs Ohio acquired a new position in shares of Gladstone Land during the 1st quarter worth approximately $63,000. Versant Capital Management Inc lifted its stake in Gladstone Land by 699.6% in the 3rd quarter. Versant Capital Management Inc now owns 7,764 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 6,793 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Gladstone Land by 348.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,845 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 6,871 shares during the last quarter. Institutional investors and hedge funds own 53.60% of the company’s stock.

Gladstone Land Price Performance

NASDAQ LAND traded up $0.05 during mid-day trading on Wednesday, hitting $10.25. The stock had a trading volume of 291,337 shares, compared to its average volume of 725,987. The company has a 50 day simple moving average of $11.05 and a 200 day simple moving average of $9.86. The company has a market cap of $424.74 million, a price-to-earnings ratio of -85.49 and a beta of 1.18. Gladstone Land has a 52-week low of $8.47 and a 52-week high of $13.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

Gladstone Land (NASDAQ:LAND) last posted its earnings results 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 firm had revenue of $41.45 million for the quarter, compared to analysts’ expectations of $32.07 million. Equities analysts forecast that Gladstone Land will post 0.52 EPS for the current fiscal year.

Gladstone Land Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were paid a $0.0467 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, March 23rd. Gladstone Land’s dividend payout ratio is presently -466.67%.

Analyst Ratings Changes

A number of research firms have recently weighed in on LAND. Weiss Ratings raised shares of Gladstone Land from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Zacks Research cut shares of Gladstone Land from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Gladstone Land Company Profile

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.