Deutsche Bank AG trimmed its stake in shares of Gladstone Land Corp (NASDAQ:LAND) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,896 shares of the real estate investment trust’s stock after selling 4,244 shares during the period. Deutsche Bank AG’s holdings in Gladstone Land were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LAND. Bank of New York Mellon Corp increased its stake in Gladstone Land by 5.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 84,389 shares of the real estate investment trust’s stock valued at $1,042,000 after purchasing an additional 4,150 shares in the last quarter. BlackRock Inc. increased its stake in Gladstone Land by 3.7% during the 3rd quarter. BlackRock Inc. now owns 673,628 shares of the real estate investment trust’s stock valued at $8,312,000 after purchasing an additional 24,065 shares in the last quarter. Morgan Stanley increased its stake in Gladstone Land by 3.9% during the 3rd quarter. Morgan Stanley now owns 247,517 shares of the real estate investment trust’s stock valued at $3,054,000 after purchasing an additional 9,358 shares in the last quarter. Vanguard Group Inc. increased its stake in Gladstone Land by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 600,729 shares of the real estate investment trust’s stock valued at $7,413,000 after purchasing an additional 5,735 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in Gladstone Land by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 600,729 shares of the real estate investment trust’s stock valued at $7,413,000 after purchasing an additional 5,735 shares in the last quarter. 30.74% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ LAND opened at $12.63 on Friday. Gladstone Land Corp has a 1 year low of $11.12 and a 1 year high of $13.85. The company has a debt-to-equity ratio of 1.71, a current ratio of 3.44 and a quick ratio of 3.44. The firm has a market capitalization of $233.15 million, a PE ratio of 24.76 and a beta of 0.97.

Gladstone Land (NASDAQ:LAND) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.15). Gladstone Land had a return on equity of 1.73% and a net margin of 8.09%. The firm had revenue of $7.83 million during the quarter. Analysts forecast that Gladstone Land Corp will post 0.47 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd will be paid a $0.0445 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.53 annualized dividend and a dividend yield of 4.22%. Gladstone Land’s payout ratio is 103.92%.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Gladstone Land from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Thursday, January 24th. ValuEngine upgraded shares of Gladstone Land from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Finally, Maxim Group reiterated a “buy” rating and issued a $15.00 target price on shares of Gladstone Land in a research note on Thursday, February 28th.

In other news, CEO David Gladstone bought 100,000 shares of Gladstone Land stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $12.00 per share, for a total transaction of $1,200,000.00. Following the purchase, the chief executive officer now directly owns 2,015,300 shares in the company, valued at approximately $24,183,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.41% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://theolympiareport.com/2019/05/24/deutsche-bank-ag-has-399000-position-in-gladstone-land-corp-land.html.

About Gladstone Land

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to unrelated third-party farmer-tenants. The Company reports the current fair value of its farmland on a quarterly basis; as of December 31, 2018, its estimated net asset value was $12.88 per share.

Featured Story: What is the Dividend Aristocrat Index?

Want to see what other hedge funds are holding LAND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gladstone Land Corp (NASDAQ:LAND).

Institutional Ownership by Quarter for Gladstone Land (NASDAQ:LAND)

Receive News & Ratings for Gladstone Land Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Land and related companies with MarketBeat.com's FREE daily email newsletter.