Gladstone Land Corporation $LAND Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its holdings in shares of Gladstone Land Corporation (NASDAQ:LAND) by 177.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239,733 shares of the real estate investment trust’s stock after acquiring an additional 153,375 shares during the period. GSA Capital Partners LLP’s holdings in Gladstone Land were worth $2,194,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake in shares of Gladstone Land by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 21,381 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 1,066 shares in the last quarter. Sigma Planning Corp grew its stake in Gladstone Land by 7.0% in the fourth quarter. Sigma Planning Corp now owns 17,826 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 1,161 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Gladstone Land by 9.4% in the second quarter. The Manufacturers Life Insurance Company now owns 13,763 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 1,183 shares in the last quarter. Parallel Advisors LLC grew its stake in 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 worth $44,000 after purchasing an additional 1,386 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Gladstone Land by 11.0% in 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 currently owned by institutional investors and hedge funds.

Gladstone Land Stock Performance

Shares of LAND stock opened at $9.66 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $10.38 and a two-hundred day moving average of $10.05. Gladstone Land Corporation has a 52 week low of $8.47 and a 52 week high of $13.00. The company has a market cap of $416.73 million, a P/E ratio of -15.84 and a beta of 1.07.

Gladstone Land (NASDAQ:LAND) last issued its earnings results on Monday, May 11th. The real estate investment trust reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). Gladstone Land had a negative net margin of 6.68% and a negative return on equity of 0.87%. The company had revenue of $16.55 million during the quarter, compared to analyst estimates of $14.20 million. As a group, analysts anticipate that Gladstone Land Corporation will post 0.43 EPS for the current year.

Gladstone Land Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a $0.0467 dividend. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Tuesday, June 23rd. Gladstone Land’s payout ratio is presently -91.80%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings downgraded Gladstone Land from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Lucid Cap Mkts upgraded Gladstone Land from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Wall Street Zen downgraded Gladstone Land from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Zacks Research downgraded Gladstone Land from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Gladstone Land currently has a consensus rating of “Hold” and an average price target of $10.00.

Gladstone Land 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.