Wedbush Securities Inc. grew its stake in shares of Gladstone Land Corp (NASDAQ:LAND) by 122.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,390 shares of the real estate investment trust’s stock after acquiring an additional 18,372 shares during the period. Wedbush Securities Inc.’s holdings in Gladstone Land were worth $385,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its stake in shares of Gladstone Land by 160.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,600 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,600 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Gladstone Land by 576.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,042 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 2,592 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Gladstone Land by 33.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,338 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 1,591 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Gladstone Land during the 2nd quarter valued at approximately $184,000. Finally, Pecaut & CO. purchased a new stake in shares of Gladstone Land during the 1st quarter valued at approximately $205,000. 29.88% of the stock is owned by hedge funds and other institutional investors.

Shares of LAND stock opened at $11.64 on Friday. The stock has a market capitalization of $239.32 million, a P/E ratio of 22.82 and a beta of 0.79. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 1.51. The firm’s 50 day moving average is $11.56 and its 200 day moving average is $12.12. Gladstone Land Corp has a 12 month low of $11.12 and a 12 month high of $13.85.

Gladstone Land (NASDAQ:LAND) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.16). Gladstone Land had a net margin of 15.13% and a return on equity of 2.59%. The business had revenue of $8.36 million for the quarter. On average, equities analysts predict that Gladstone Land Corp will post 0.46 EPS for the current year.

The company also recently announced a dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th will be paid a $0.045 dividend. The ex-dividend date is Monday, August 19th. This is a boost from Gladstone Land’s previous dividend of $0.04. Gladstone Land’s dividend payout ratio is currently 103.92%.

A number of analysts recently commented on the stock. Maxim Group set a $15.00 price target on shares of Gladstone Land and gave the company a “buy” rating in a research note on Friday, August 9th. Zacks Investment Research cut shares of Gladstone Land from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, ValuEngine upgraded shares of Gladstone Land from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th.

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.

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

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