Gladstone Land Co. (NASDAQ:LAND) Stock Holdings Lifted by Centiva Capital LP

Centiva Capital LP boosted its stake in shares of Gladstone Land Co. (NASDAQ:LAND) by 13.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,487 shares of the real estate investment trust’s stock after purchasing an additional 1,691 shares during the quarter. Centiva Capital LP’s holdings in Gladstone Land were worth $201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in shares of Gladstone Land by 224.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,334 shares during the last quarter. Signaturefd LLC boosted its holdings in Gladstone Land by 3,910.3% during the second quarter. Signaturefd LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 3,050 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Gladstone Land in the 3rd quarter valued at $50,000. BNP Paribas Financial Markets boosted its holdings in shares of Gladstone Land by 45.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,409 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 3,556 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Gladstone Land by 41.0% during 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 in the last quarter. 53.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners cut Gladstone Land from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $16.00 to $14.50 in a research note on Friday, November 8th.

Gladstone Land Stock Performance

Shares of LAND opened at $11.25 on Friday. The stock has a market capitalization of $407.08 million, a price-to-earnings ratio of -43.27, a PEG ratio of 3.99 and a beta of 1.04. Gladstone Land Co. has a 12 month low of $11.24 and a 12 month high of $15.36. The firm has a fifty day simple moving average of $12.69 and a 200 day simple moving average of $13.46. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.77.

Gladstone Land Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.0467 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.98%. Gladstone Land’s payout ratio is -215.38%.

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.