Arbor Capital Management Inc. ADV Increases Position in Gladstone Land Co. (NASDAQ:LAND)

Arbor Capital Management Inc. ADV increased its stake in Gladstone Land Co. (NASDAQ:LAND) by 14.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,936 shares of the real estate investment trust’s stock after purchasing an additional 3,980 shares during the quarter. Arbor Capital Management Inc. ADV’s holdings in Gladstone Land were worth $345,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Rhumbline Advisers increased its holdings in shares of Gladstone Land by 1.9% in the 4th quarter. Rhumbline Advisers now owns 59,290 shares of the real estate investment trust’s stock valued at $643,000 after purchasing an additional 1,130 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in Gladstone Land by 9.5% in the 4th quarter. Catalyst Capital Advisors LLC now owns 13,685 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 1,192 shares during the last quarter. Millburn Ridgefield Corp grew its stake in Gladstone Land by 9.5% in the 4th quarter. Millburn Ridgefield Corp now owns 13,685 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 1,192 shares during the last quarter. Larson Financial Group LLC grew its stake in 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 acquiring an additional 1,334 shares during the last quarter. Finally, Centiva Capital LP grew its stake in Gladstone Land by 13.2% in the 3rd quarter. Centiva Capital LP now owns 14,487 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 1,691 shares during the last quarter. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Gladstone Land Price Performance

Gladstone Land stock opened at $10.82 on Monday. Gladstone Land Co. has a 12-month low of $10.27 and a 12-month high of $15.36. The stock has a market capitalization of $391.52 million, a P/E ratio of -37.31, a P/E/G ratio of 3.74 and a beta of 1.11. The firm’s 50-day moving average is $11.04 and its two-hundred day moving average is $12.12. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.99 and a quick ratio of 0.70.

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

Gladstone Land Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were paid a dividend of $0.0467 per share. This is a boost from Gladstone Land’s previous dividend of $0.04. This represents a dividend yield of 5.33%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Land’s dividend payout ratio (DPR) is currently -193.10%.

Insiders Place Their Bets

In related news, Director Anthony W. Parker sold 6,601 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $11.02, for a total value of $72,743.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

About Gladstone Land

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.