UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $693,000 Stock Holdings in Gladstone Land Co. (NASDAQ:LAND)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Gladstone Land Co. (NASDAQ:LAND) by 48.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 49,850 shares of the real estate investment trust’s stock after selling 46,556 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Gladstone Land were worth $693,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Larson Financial Group LLC boosted its holdings in shares of Gladstone Land by 224.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,334 shares in the last quarter. Signaturefd LLC increased its stake in shares of Gladstone Land by 3,910.3% in the 2nd quarter. Signaturefd LLC now owns 3,128 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 3,050 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Gladstone Land during the 3rd quarter valued at $50,000. BNP Paribas Financial Markets boosted its stake in Gladstone Land by 45.3% during the third 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 grew its holdings in Gladstone Land by 41.0% in the third quarter. SG Americas Securities LLC now owns 12,280 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 3,572 shares during the period. 53.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Alliance Global Partners lowered shares of Gladstone Land from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.00 to $14.50 in a report on Friday, November 8th.

Gladstone Land Trading Down 3.8 %

Shares of Gladstone Land stock opened at $10.51 on Friday. 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 Co. has a 52 week low of $10.51 and a 52 week high of $15.36. The stock has a 50 day moving average price of $12.42 and a two-hundred day moving average price of $13.38. The stock has a market capitalization of $380.30 million, a PE ratio of -40.42, a price-to-earnings-growth ratio of 3.91 and a beta of 1.04.

Gladstone Land Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.0467 per share. The ex-dividend date is Friday, December 20th. This represents a $0.56 dividend on an annualized basis and a yield of 5.33%. Gladstone Land’s dividend payout ratio (DPR) is presently -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.