Gladstone Land Co. (NASDAQ:LAND) Director Anthony W. Parker Sells 6,601 Shares

Gladstone Land Co. (NASDAQ:LAND) Director Anthony W. Parker sold 6,601 shares of Gladstone Land stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $11.02, for a total transaction of $72,743.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Gladstone Land Trading Up 2.4 %

Shares of LAND stock opened at $10.82 on Friday. Gladstone Land Co. has a 52-week low of $10.27 and a 52-week high of $15.36. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.70 and a current ratio of 0.99. The company has a 50-day simple moving average of $11.04 and a two-hundred day simple moving average of $12.14. The company has a market capitalization of $391.52 million, a price-to-earnings ratio of -37.31, a PEG ratio of 3.74 and a beta of 1.11.

Gladstone Land (NASDAQ:LAND) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.19. Gladstone Land had a net margin of 15.59% and a return on equity of 1.89%. The business had revenue of $21.10 million during the quarter, compared to the consensus estimate of $20.45 million. Research analysts anticipate that Gladstone Land Co. will post 0.52 EPS for the current fiscal year.

Gladstone Land Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a $0.0467 dividend. This represents a yield of 5.33%. This is an increase from Gladstone Land’s previous dividend of $0.04. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Land’s dividend payout ratio is presently -193.10%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Gladstone Land from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comprehensive Money Management Services LLC purchased a new position in Gladstone Land in the fourth quarter valued at about $329,000. Pullen Investment Management LLC boosted its stake in Gladstone Land by 26.4% in the fourth quarter. Pullen Investment Management LLC now owns 67,423 shares of the real estate investment trust’s stock valued at $732,000 after acquiring an additional 14,090 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Gladstone Land by 60.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,065 shares of the real estate investment trust’s stock valued at $869,000 after acquiring an additional 30,215 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Gladstone Land during the 4th quarter valued at approximately $157,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Gladstone Land during the 4th quarter valued at approximately $150,000. 53.60% of the stock is currently owned by hedge funds and other institutional investors.

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.